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

To: Kenneth E. Phillipps who wrote (339600)	1/7/2003 3:25:33 PM
From: JakeStraw	Read Replies (1) \| Respond to of 769670

Kenneth you just lost the last little shred of credibility that you may have had by asking Baldur an opinion!

To: Kenneth E. Phillipps who wrote (339600)	1/7/2003 3:27:01 PM
From: steve dietrich	Read Replies (1) \| Respond to of 769670

Soon everyone will be saying it's not fair that dividend income is exempt and interest income isn't. So they will eventually get to where the only income taxed is wages and salaries, that would make the rich happy!

To: Kenneth E. Phillipps who wrote (339600)	1/7/2003 3:34:41 PM
From: Baldur Fjvlnisson	Respond to of 769670

It's a question of only $20-30 billion/year. So it's actually peanuts in this economy. It's unlikely to affect the massively overpriced stock market much. What is important is the mammoth deficit. As you know; the dollar has tanked since last spring as gold rallied. Bush is running on rubber checks to the tune of $50 billion/month and that will only go up. Of course prolonged fiscal deficits lead to slowing income growth and rising interest rates. Any economic package that doesn't address America's stupendous debt load is doomed to fail.