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

To: rich4eagle who wrote (174583)	8/26/2001 11:31:56 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769670

So you are saying that taking money out of the hands of the American people and paying down the debt in excess of the 158 billion the 2nd largest surplus in history is the way to get the economy going again. I see when the economy slows down the rich4eagle plan is to take money out of the economy when deflation is occurring and there is no sign of inflation. Of course the Fed Chairman by cutting rates seems to be doing just the opposite. My understanding of economics tells my you are being foolish. Except in a small percentage of military and other science and R&D the government is an extremely wasteful and inefficient in the allocation of resources to create growth in GDP. So all resources consumed by the government are far less effective in helping the economy over allocation of resources to the private sector. It is also ironic that the billions that were just given to the American citizens were because the Democrat's in the congress insisted on that particular provision instead of allowing the phased in tax plan of the President. If those tens of billions has not been given back then they would have been surplus. So the near term surplus of only 158 billion that seems so upsetting is from the Democrats plan. It just seems so counter common sense to me. tom watson tosiwmee