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Politics : Foreign Policy Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (4621)	2/24/2003 2:02:33 PM
From: KLP	Read Replies (1) \| Respond to of 15987

zonder...I posted the same article a couple of days ago, and said nearly the same thing....What if our Greenspan said that you zonder, in Monaco, or anyone in France, or in Germany STILL aren't paying enough taxes....How would you/Europe like that? Same thing. The major difference is that the US helps nearly every country in the world with the tax money they collect from the citizens, while I can't name a single country in the world that helps anyone in the US with their taxes... Tell me, can you name any? Hawk>>>And just who the H@ll does Win Duisenberg think he is to question whether we're paying too much in taxes???) Zonder>>>You are sometimes very exasperating, Hawk :-) He is the head of European Central Bank, and as such, might know a thing or two about economy and taxes

To: zonder who wrote (4621)	2/24/2003 5:53:23 PM
From: Hawkmoon	Respond to of 15987

You are sometimes very exasperating, Hawk :-) I'll take that as a compliment.. :0) He is the head of European Central Bank, and as such, might know a thing or two about economy and taxes. Oh yeah?? That's why the "old" European economy is doing so incredibly well, right?? Double digit unemployment, lowest economic growth in France since 1996, and they have to threaten newer members into "obeying" France and Germany?? Unfunded pension liabilities that the "old European" nations will be facing in coming years, requiring drastic increases in taxes or national debt issuance??: no-euro.com shaw.users.netlink.co.uk I remember when they brought the Euro out at 119 to the USD in 1999.. And immediately it plunged, causing the dollar to soar and creating a beautiful opportunity for France and Germany to sell even more goods into US markets in order to prop up their flagging economic statistics. But now that currency advantage has dissipated as it becomes clear that Bush has abandoned the strong dollar policy and is no longer willing to subsidize "Old Europe" or Japan.. And now the newly free countries of Europe are buying more US goods (showing economic strength to do so) than is either France or Germany. Thus, those markets are becoming more relevant to us than the "Old Europe" is.. Yep... Old Win Duisenberg knows quite a bit about how to spend other people's money and how to make financial decisions for them. And so long as he does so, there will always be some measure of capital flight to the US. And now we see the potential that the US may initiate free-trade agreements with some of these newly developing nations who really have little desire to become the victims of France and Germany's forthcoming financial difficulties. washtimes.com And as for who knows more about economics, my money is on Milton Friedman: In a seminal article in the summer 1978 issue of Policy Review, Mr. Friedman argued forcefully for cutting government any way possible, even if it led to budget deficits. Said Mr. Friedman, "I would far rather have total federal spending at $200 billion with a deficit of $100 billion than a balanced budget at $500 billion." washtimes.com The more money you give a government to spend, the more ways they will find to need even more to spend next year... And the more power these "central planners" accrue to themselves... Hawk