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

To: tejek who wrote (142843)	2/20/2002 1:56:28 PM
From: TimF	Read Replies (1) \| Respond to of 1578097

if he was the engineer, he would not have pushed so hard for bolstered defense spending and the Star Wars program. Besides, Russia managed to collapse very well on its own. Pushing for missile defenses along with some other things pushed the collapse along. Yes it probably would have happened anyway but speeding it up was a good thing. And I disagree that he laid the ground work for the boom in the 90's. We were running healthy deficits right through the Bush administration. I consider the reigning in of those deficits one of the major catalysts for the boom and its unusual length. We were booming through most of the Reagan years on in to the beginning of the Bush years even with the deficits. The lowered taxes and a reduction in new government interference in the economy laid the groundwork for that boom and for the later boom that started before Clinton came in to power. It is often said that deficits are not good because they crowd out private investment as the money goes to the government through borrowing. This is true but government spending even if paid for by taxes has the same effect on the private sector, it can be borrowed away or taxed away but either way the government is taking a bite out of the private sector. Deficits become worse when they get so big that the government has problem making the payments, but otherwise they are not more harmful, then tax financed spending. Its the spending that is the problem however it is financed. Tim