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

To: JBTFD who wrote (342828)	1/14/2003 2:36:02 AM
From: MSI	Read Replies (2) \| Respond to of 769667

The other way is to inflate the money supply...I would think a republican would be against that True, but there is no other option. The GOP will turn against Bush in the next few months for that reason. If Bush doesn't rally the employment factors in the economy, it's either inflation, war, or both. Either way, there's depression. How else can you support the level of taxation and spending? Everyone in Washington now recognizes it's impossible to increase tax revenues on either the poor or the rich to the current Bush level of spending.

To: JBTFD who wrote (342828)	1/14/2003 11:43:37 AM
From: CYBERKEN	Read Replies (1) \| Respond to of 769667

In the entire history of the US there has been constant talk of the "danger of too much debt". But there has NEVER been an instance of economic harm caused by debt levels. Never. There is an extreme, at least in theory, where it MIGHT happen. But that obviously was not at the end of WWII, when debt was 110% of GDP, and it CERTAINLY is not today, when it's about 30%. The debt fantasy has always been nothing more than a propaganda tool-used at various times by both parties-to attempt gain power by scaring the hell out of an ignorant public. It has also consistently failed to achieve even that tawdry propaganda purpose-as seen today, when hardly a soul in the US cares a wit about it. But the Chicken Littles of the debt fantasy cackle on...