Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: rich4eagle who wrote (128757)	2/23/2001 9:00:09 AM
From: Little Joe	Read Replies (2) \| Respond to of 769670

Rich: Thanks for your kind words. "We will find that the projected surplus will turn into a deficit by year 2002. You can bet on it! And we will again be spiraling into wild deficits, this I find depressing." I do believe that marginal tax rates are too high, especially when the payroll tax is added in. On the other hand I have the same concerns that you do about the tax cut. I am not sure of the stimulative effect of a tax cut at this time. At the very least we should keep the death tax, which will not stimulate the economy until we get a clearer picture on the deficit. As you know from a former post the national debt continues to rise, so there is no surplus at this time. The surpluses that the politicians are trying to spend are projections for the future and if Bush is corrrect we are going into a recession which means no surplus or a smaller surplus. The question is "will the stimulative effects of the tax cut generate higher tax revenues and reduce the deficit. I am not smart enough to be sure about this. Let's hope the guys and gals in Washington do the right thing. I agree that