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.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (25977)	2/11/2008 4:32:14 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "Was the net result of the tax cuts, good, bad, or neutral, in your opinion?" Reformulated so as to be meaningful and real-world: Was the net result of the tax cuts and the extra government spending, good, bad, or neutral, in your opinion? A- As the THREE SEPARATE economic analysis projected (when the tax changes were under consideration): The Bush tax changes (modest cuts + extra complications in the code) started out as a net benefit to the economy (though modestly reducing revenues in the first few years), but by mid-decade the negative effects from the extra deficit spending his administration also produced overwhelmed the net benefits produced by the cuts and, (projecting forward from where we are now - just a bit past that 'mid-decade' point), if status quo remains, economic growth (& revenue to the government) will move even further, and very significantly, UNDER TREND. As I have also posted: THIS FISCAL YEAR, interest alone on the $9 Trillion national debt will amount to OVER $200 Billion in unavoidable costs to the government. (And that during a period with a temporarily favorable yield curve!) That EXCEEDS the cost of the entire Iraq Occupation for this same fiscal year. And, the national debt moves to $10 Trillion in FY 2009. The spending/deficit problem stands to seriously worsen.