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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (134341)	3/9/2001 1:16:10 AM
From: hmaly	Read Replies (1) \| Respond to of 1575176

Scumbria There isn't any Bush budget. They are making tax cuts before they work out spending, which is exactly the same BS Reagan pulled before he exploded the deficit.<<< The other side of the coin is that congress will keep on spending everything until they are in deficit spending with or without a tax cut. For most companies, it isn't that revenues are too low, it is that expenses are too high for the revenue taken in. Congress has yet to seriously cut anything out of a budget. And if congress starts spending at a rate = to current taxes, then what? And it will happen because spending is growing much faster than the economy. This cannot keep up. We can't just keep on raising the taxes and blaming the rich. Congress need some reason to cut the budget; and it never will as long as there is extra money laying around. To get congress to reduce its lavish spending you must get rid of the money first; just as you would get rid of the alcohol with an alcoholic, or drugs with a druggie. Re..http://www.msnbc.com/news/538936.asp?0nm=N34U