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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (180964)	1/19/2004 1:54:01 PM
From: Tenchusatsu	Read Replies (3) \| Respond to of 1574214

Al, what in the world justifies making these cuts permanent in the face of a fiscal crisis of gargantuan proportions upon which everyone agrees? Bush is working off of the assumption that tax cuts will increase income tax revenue by virtue of a stimulated economy. (No need to bring in the extreme case of no taxes; I am fully aware of the curve.) With that in mind, Bush seems to be spending money that he hopes will be coming in the future. This is the only defense I could think of for the huge double-digit percentage increase in federal spending, and it's rather weak. In fact, I'm considering in joining the right-wing backlash if Bush doesn't shape up his act. Tenchusatsu