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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (141972)	1/21/2002 3:03:33 PM
From: combjelly	Read Replies (2) \| Respond to of 1589378

"So you would not go for any tax cuts until the debt is paid down (which is perhaps never)? " No, the debt will never be paid off. But some headway should be made before taxes are cut. When the interest on the debt is a major line item on the budget, that is a problem. Taxes are not so high that they discourage investment or drags the economy down. As far as new spending, it would depend on what it was. I favor funding of research, especially basic research as that helps to fuel our economy. There aren't a whole lot of other things that I think are justified in the near term.

To: TimF who wrote (141972)	1/21/2002 3:22:45 PM
From: tejek	Read Replies (1) \| Respond to of 1589378

Surpluses are really such until the debt is paid down. So you would not go for any tax cuts until the debt is paid down (which is perhaps never)? I would ask both you and Ted (if he shares this opinion) is this a matter of just being fiscally conservative, so you would also oppose new areas of spending (or large expansion of old programs), or is it that you just don't like tax cuts? If it wasn't for the enormous expansion in spending we would not have to worry much about deficits. Tim, because I am fiscally conservative. I could see a tax cut if we are running a surplus and actively paying on the principle portion of the budget debt. But if all we are doing is paying down the interest, then my answer would be no. ted