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To: flatsville who wrote (100063)	5/6/2001 10:17:02 AM
From: Ilaine	Read Replies (2) \| Respond to of 436258

>>From our discussion I believe he's aware that any tax cut, big or small, isn't going to fuel the economy. It is more likely going into gas tanks and energy bills going forward. We discussed skyrocketing consumer debt and plummeting savings levels.<< I have no clue what you and he, whoever he is, thinks "fuel the economy" means. As a small business owner, paying for gas in my gas tank and paying energy bills is part of keeping my business in operation. I expect you'll find that to be the case for every business. >>They know the revenue projections going forward to support the tax cut are fantasy based.<< You could say that about any revenue projection - they are all based on assumptions. The longer the government hangs on to the surplus, the deeper the recession is going to get. >>I told him maybe the best strategy was to let the little idiot have his big front loaded tax cut, give things a year or two to play out and then watch him disintegrate when he has to take it back.<< Given the multiplier effect of money - the sooner, the better. Last year would have been much better, but the big idiot was too dumb to realize that, or maybe just too involved in graft and extramarital whoopie. I think a lot of pain the economy is experiencing now could have been avoided if you guys weren't too enamoured with deciding on how to spend our money for us since we're too dumb to be trusted to make decisions like that.-ng-

To: flatsville who wrote (100063)	5/6/2001 10:32:13 AM
From: Les H	Read Replies (4) \| Respond to of 436258

The opposition sees the tax cut as biting into their spending priorities. It's not a matter of whether it's within reason. I expect that both parties will work to gut the Social Security payouts to pad the 'surplus'. In essence, the Democrats have already provided a no-pain opt-out for millions of future beneficiaries with the EITC. It would be most fair that those recipients actually be excluded from future SS payouts but in all likelihood, the sleazebags will further revise the CPI and cut future benefits for all. The CPI cut from 1996 has already resulted in a $ 125 billion per year windfall.