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

To: TimF who wrote (226322)	3/25/2005 7:50:36 PM
From: Road Walker	Read Replies (2) \| Respond to of 1572713

re: 2 - That analysis you quote is static analysis. It doesn't take in to effect the fact that the economy would have done worse with higher tax rates. At least it is honest enough to explictly say so. You love static analysis when it supports your position, hate it when it goes against your position. You keep saying "look at the static numbers, the rich paid less", but when it comes to a percent of GDP, the real measure of their contribution on a historical basis, you bail to the static measure. You can't have it both ways. Would the economy have recovered as well without the tax cuts? It's certainly an open question, some us believe in the business cycle. Would the economy be better off today if we didn't have the deficits that the tax cuts helped create... I don't think there is any doubt. And the mainstream economists (without political agendas) agree. Right here, right now, the biggest problem this country has to face is the budget deficit. It's huge, it's Argentina. I know you believe in tax cuts at all costs. But we need to get inflow/outflow in balance, then we can talk about cutting taxes. Right now we are heading toward a fiscal crisis. And head in the sand ideological analysis doesn't help. We need pragmatic action. John