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Technology Stocks : Microsoft Corp. - Moderated (MSFT) -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (16)	8/2/2002 5:33:29 PM
From: Exacctnt	Read Replies (2) \| Respond to of 19790

<<<<Cutting tax rates and interest rates is great, but what they need to do now is cut the bloated federal budget >>>> According to basic economic theory, in a business slowdown or recession fiscal stimulus is a useful tool to jumpstart the economy. Monetary stimulus (Fed interest rate cuts) has about shot its wad. Last year's tax cuts, which some see as creating a current deficit, are also a fiscal stimulus and that should be and has been used to fuel the economy. Federal spending should be viewed positively as long as we are on the brink of a double dip recession. However, Fed spending should not be a license to pass new entitlement programs that permanently affects the budget. New spending should be one time shots in the arm to various weak industries.