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.

Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (899)	6/27/2008 12:50:31 AM
From: TigerPaw	Read Replies (1) \| Respond to of 3816

Nixon did blow a lot of public money for the 1972 election, at the same time he cut taxes. Where have we seen that scenario. Of course he quit before leaving Carter to pay the bills. time.com Rocketing Debt. The budgetary stimulus comes at a time when various branches of Government are going all out to push the economy forward. Congress recently did its part by approving Nixon's program of tax reductions, including a 7% tax credit for capital investments and increases in personal income tax exemptions. In the past few weeks, the Federal Reserve Board has been aggressively pouring money into the banking system and pulling down interest rates. Ironically, Nixon's budget may force interest rates up because enormous federal borrowing will be needed to finance a shockingly high deficit. Shockingly high deficit? -- Shock has now moved to Awe!