Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (268311)	11/24/2003 5:33:08 AM
From: zonder	Read Replies (1) \| Respond to of 436258

You recall incorrectly I very much doubt it. But don't have the time to look up exactly what justifications Bush had for these tax cuts. "Boosting consumption and hence the economy" was definitely one of them. Reducing taxes raises all boats including consumption spending Sure. However, what I was trying to say was that aiming tax cuts at the very rich does not help in this regard, for they are not postponing very many consumption items just because their annual income is 750 K and not 900 K. If you recall, we came to this point because you felt calling for tax cuts aimed at the poor rather than the rich was a communist thing to do. Based on your implied hypothesis and following your desired conclusion, the risk is unlimited to those who fund government There is not "implied hypothesis" nor any "desired conclusion. Any government with a printing press has ZERO risk of default in t-bills of its own currency. That is fact. The risk "those who fund governments" take is NOT default risk but currency risk - i.e. what that currency will be worth against others & gold upon maturity. That is why certain high-risk countries put out EUR and USD treasury bills, along with those in their own currency, incidentally... >>>You can't have missed the Fed talking down the dollar in the past year or so, though. <<< I missed it, because it didn't occur. Grace - I respect you and enjoy following your posts, because I think you are intelligent and well informed. If you are going to insist the Fed did not talk down the dollar over the past year, I'd rather end this line of exchange here so as not to damage that view.