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: CYBERKEN who wrote (165094)	7/27/2001 11:47:05 AM
From: Kenneth E. Phillipps	Read Replies (3) \| Respond to of 769670

marginal tax rate reduction (Reagan) creates the kind of economy we have. LOL! Remember the talk about supply side economics - how reduction of tax rates would cause surpluses, not deficits, because of economic growth. Well, we got the reduction in tax rates but, instead of surpluses, we got record deficits. Finally, Bush Sr had to admit the need for a tax rate increase because deficits were headed to be more than $300 Billion. With the Clinton administration, we had a return to fiscal sanity. Interest rates dropped because investors correctly saw the situation was under control. Now, it appears we are headed back towards the days of Reagan fiscal irresponsibility. My opinion - The bond market will respond to the shrinking surplus. Eventually, interest rates will rise again. Greenspan had the ability to lower interest rates this time because of low inflation caused by the Clinton economic policies.