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

To: Taro who wrote (360047)	11/24/2007 11:16:33 AM
From: combjelly	Read Replies (2) \| Respond to of 1575558

"ne might well have, or at least rather had in the past, top bracket incomes (and with them a large portion of the taxes paid) over at the right side with the majority of the (lower income) tax payers to the left." Of course. Currently, the real proof is whether or not receipts drop off with a tax hike. So far, that hasn't happened in decades. "Against this speak the facts, that most recent tax cuts here and overseas have been followed by definite boosts in the economy. " Umm, you do realize you are talking about two different things? I realize that someone like TopCat might not realize it, but... Sure. Pumping money into the economy by either cutting taxes or deficit spending, and sometimes the unfortunate case where you do both like we are doing, should stimulate the economy. If it doesn't, then you have real problems. The problem is that if you are running a deficit, whether or not the economic stimulus and what ever revenues result is enough to cover the interest on the money that needs to be borrowed to make up the deficit. That is the issue that Bernanke is talking about. And that is an issue a realist is going to take into consideration. It has nothing to do with being liberal or conservative, just someone who is more concerned with results than theories.