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

To: CYBERKEN who wrote (397547)	4/23/2003 4:43:09 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

LOL! Re: "So you want to pay a research firm...." >>> No, Cyber-Stalin, the REPUBLICANS in the House and in the White House hired this firm to run their budgetary estimates for the effects of the President's tax and spending plans.... >>> And YOU posted a piece from them. Thanks again. >>> ...Neither the House leadership, nor the White House called me to ask my opinion about Trend Macrolytics, LLC. >>> (I'm sure they already knew that Trend is a well respected, Republican-connected firm at the top of their game....) >>> Now, out of the 3 'static analysis' (traditional, 'zero sum', 'dollar in - dollar out') budget models used in the GAO study, and the 2 new 'dynamic analysis' models (which ALWAYS ASSUME that tax cuts produce economic growth, and that this growth feeds back into higher tax collections later) - ALL FIVE ANALYSISES CONCLUDED THAT SPENDING WAS TOO HIGH TO EVER BALANCE THE BUDGET... EVEN IF THE TAX CUTS PRODUCED ECONOMIC GROWTH. >>> Basically, these 5 different Republican-contracted economic models concluded that TAX CUTS ARE GOOD, AND PRODUCE HIGHER GROWTH RATES... but that ENDLESS DEFICIT SPENDING IS BAD, AND DEFICIT BORROWING ON THE ORDER OF WHAT BUSH IS PROJECTING WOULD 'OVERWHELM' ALL OF THE BENEFICIAL EFFECTS OF LOWER TAX RATES. >>> Simply put: there is no free lunch! You can lower taxes all the way to ZERO, but if the Government can't cut it's spending so that spending is not financed forever by borrowing... than wealth-destroying inflation is produced, which brings about higher interest rates which slow down the economy - and overwhelms the beneficial effects of lower taxes. >>> INFLATION then becomes the tax. >>> (LOL!!!!!!!!!! And, yes, Cyber-Stalin, Trend Macrolytics LLC is WELL AWARE of the economic history of the Reagan years... Many of the Principals of the firm were HotShots in the Reagan Administration... and were important in developing Reagan's economic policies! Just look at their Bios.)