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

To: Scumbria who wrote (142433)	5/4/2001 11:20:34 AM
From: FastC6	Read Replies (1) \| Respond to of 769670

When you and your liberal friends get your tax cut are you gonna send it back to Washington with a note saying that you want this to go toward paying off the debt?.....it would be rather hypocritical of you to keep it. . .

To: Scumbria who wrote (142433)	5/4/2001 12:06:24 PM
From: Gordon A. Langston	Read Replies (1) \| Respond to of 769670

Paying off the debt Once my wife ran up about $10K in credit debt and when I refinanced the house (due to falling rates) I took out the extra to pay it off reasoning that paying 6.5% on a tax-deductible mortgage was superior to 18% on a non-deductible debt. Then she did it again and it proved a point to me, either consciously or sub-consciously and I learned. Gradually the issue has resolved itself but I was not tempted to pay the debt off at any time. I would have accepted the threat of bankruptcy or ruined credit, though it never got that serious. So you are correct, but all three issues must be in harmony, spending, receipts and agreement on the principle of debt. Having SS off budget distorts the truth and undermines the confidence of the public in any promises that paying off the debt is a step in the right direction. The gesture of cutting taxes and spending is the logical first step. Once discipline is established there some concern can be shown for the debt.