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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (12881)	8/22/2003 10:37:17 AM
From: GraceZ	Read Replies (3) \| Respond to of 306849

But I don't think the mindset was to do good - it was more about capping government spending - which was out of control due to inflation increased tax receipts. Very true. It might take another such revolution to get back to that frame of mind. I have my doubts considering I've had to explain the value of tax cuts to a zillion friends and family members. I can't figure out how they did it (repeat it frequently enough I guess) but somehow the Democratic party has convinced it's members that high taxes are better than low ones for the economy. Of course looks like the last 5 years spending has once again gotten out of control - can't blame inflation for that. I think the figure I read recently that CA state spending grew at double the rate of population increases in those years. This happened while they were still at full employment. It's a perfect example that government spending doesn't expand because of need, it expands because tax revenues available are higher.