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To: Ilaine who wrote (104288)5/23/2001 4:32:08 PM
From: benwood  Respond to of 436258
 
One would think that ultimately, by running deficits every year for eons except 1969 and 2000, a prolonged downturn will occur caused by the massive buildup of public debt. So, no, I'm not in favor of this cut as I believe even this year we will not run a surplus, and it will be much worse in 2002. Frankly, if after 18 boom years we have just a single surplus year to show for it, that is, in my opinion, extremely pathetic and telling.



To: Ilaine who wrote (104288)5/23/2001 4:58:12 PM
From: oldirtybastard  Read Replies (1) | Respond to of 436258
 
My own opinion is that the failure to pass the tax cut has exacerbated the downturn in the economy.

how can you say beyond 50% certainty that the hook of the proposed tax cut as a possibility has not done exactly the opposite?


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