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: ManyMoose who wrote (143088)	5/6/2001 1:38:41 PM
From: Scumbria	Read Replies (1) \| Respond to of 769667

Dave, We'll pay off the $6 trillion faster by being richer and paying a lower tax rate on a higher wealth base. The exact same words that got us into this mess in 1980. The economy (tax base) has grown at the Fed speed limit for the last 5 years. A tax cut will only serve to lower revenues and raise interest rates and inflation. The only way to pay off the debt is a concious decision to spend the surplus on the debt. As soon as we got a surplus (for the first time in 40 years) Bush decided to not use it for debt reduction. Scumbria

To: ManyMoose who wrote (143088)	5/6/2001 1:47:50 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 769667

With Scumbria around, we seldom get to have a SEROIUS discussion about the myth of the national debt. The key to this poorly-understood phenomenon is its relative size when compared to the size of our economy. If we tax our economy down, the debt actually becomes ruinous. But, in that case, its the least of our problems because the poison of an overpowerful government has already destroyed the last of our liberties. If, OTOH, we limit the size and damage done by government, and leave the money in the wealth-creating sector, the debt becomes proportionally minimal. It is then easily paid off, BUT NO ONE WOULD WANT TO DO THAT, because the infrastructure of that debt becomes (like it is today) a pillar of everyone's (and I mean everyone, if we can finally drive that oak stake into Social Security) investment portfolio. Nations and their economies are human endeavors. That means one thing: grow or die...