SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (177580)11/5/2003 6:28:26 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1574905
 
JF, I think that the Democrats will make it a big issue. And I think it is a big issue with the public.

Of course the Democrats will make this a big issue. Had Bush practiced more fiscal conservatism, the Democrats would attack him for any program he cut, whether it be Social Security ("Bush wants to take money from the old folks") or education or health care ("Bush wants to take your prescription drugs away from you").

All of these are big issues with the public. Politicians have to pick-n-choose, and the losers (namely the Democrats in this case) will always complain about the sacrifices made.

I'm always amazed when the polls show that most people don't want tax cuts if it means deficits.

Personally I think those people would have a different opinion if they found out how much of their own money they'd have to give up just to fund what is essentially fiscal mismanagement by Washington. Here in California, one of the biggest beefs they had with Gray Davis was his tripling of the car tax. Of course it was supposed to be a "rollback" of the car tax reduction done in 1999 (or around then), but no one saw it that way. All they saw was the hundreds of dollars per car they had to fork over to an unpopular California government. No one cared that the increase in revenues helped to "balance" the budget in 2003.

I think whoever becomes the Democratic nominee in the 2004 campaign is going to be dinged on his willingness to raise taxes. This is why I think voters are less concerned about the federal deficit and more concerned with their own wallets. Of course deficits matter, as long as someone else (the "rich," for example) pays for it.

Tenchusatsu