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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (747003)	8/4/2006 3:08:19 PM
From: TimF	Read Replies (1) \| Respond to of 769670

Re: "You could assert that leaving spending entirely unchanged while you cut taxes exerts a negative effect on long term economic growth...." Yes, (in the context of an on-going structural budget deficit), that is what the Treasury Department dynamic analysis reported.... "Yes, (in the context of an on-going structural budget deficit)" isn't really the same as asserting "that leaving spending entirely unchanged while you cut taxes exerts a negative effect on long term economic growth...." If we had left spending unchanged since Bush was elected than we would be running a surplus right now. You rarely have "an on-going structural budget deficit" if you have static spending, because the economy grows. If you have a stagnant or declining economy than you could have such a deficit even with flat spending, but than you also have a ton of other problems.