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

To: Kenneth E. Phillipps who wrote (375913)	3/21/2003 3:52:21 PM
From: jlallen	Read Replies (2) \| Respond to of 769667

LOL! Tax cuts are radical????

To: Kenneth E. Phillipps who wrote (375913)	3/21/2003 4:02:27 PM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 769667

I´d say running a fiscal deficit of a hundred billion dollars in one month is pretty radical. This amounts to a 1.3% tax on US disposable income. No, it won´t be payable right away and more than a trillion dollars in tax increases through a ballooning public debt in two years won't either. But the taxpayer will pay eventually. These monstrous deficits put great pressure on the credit market and hamper private sector growth. The dollar will soon continue tanking.