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: E. T. who wrote (233632)	3/4/2002 10:15:45 AM
From: willcousa	Read Replies (1) \| Respond to of 769670

The supply siders were right, the economy did outgrow its' debts. They didn't say how long it would take.

To: E. T. who wrote (233632)	3/4/2002 10:20:32 AM
From: DMaA	Respond to of 769670

Tax collections doubled. Even that didn't satiate the socialists. What would? the total tax collections increased so much, that America would simply outgrow its deficits. This did not happen, of course.

To: E. T. who wrote (233632)	3/4/2002 11:54:19 AM
From: Neocon	Read Replies (2) \| Respond to of 769670

First, he is mistaken. The growth rate under Nixon and Ford was 3.0%, and under Carter 2.5%, while Reagan had a robust 3.36% growth rate, even with a recession flushing out stagflation. Also, in constant dollars, which is the proper measure, the debt doubled. Supply- siders knew what CPAs and CEOs know, which is that there are situations in which carrying debt is preferable to spending from current revenues. Their argument was that adjusting the marginal tax rates was more important than worrying about the deficit. As it happened, with the exception of a short (7 month) recession during the Bush administration, the economy chugged along nicely for almost two decades, and appears to be returning to growth again......