To: RetiredNow who wrote (4739 ) 10/22/2008 11:14:53 PM From: Dan B. Read Replies (1) | Respond to of 6579 See, it's like this. When you say "we decided to spend hundreds of billions on wars. That should have been financed with increased taxes. However, if you want to guarantee that we go into the severest of recession, increase taxes right now," I think "what if we'd financed that with increased taxes? Wouldn't that have taken oodles of money out of our pockets and caused a "recession" effect, just sooner?" Well, it might have prevented Bush from having any economic rebound during his time to point lovingly at. I do still recall that the QQQ fell 72% between its peak in 2000 to the day Bush was sworn-in in Jan. 2001. Yup, had taxation gone up immediately after 911 to pay for our war(s) (yup, surely a stand-up thought which seems proper and reasonable to me indeed), Bush truly might never have had a recovery to point to at all. I'd say we might be overall better off for it, too (despite appearances), but I really don't think so because I think war is a drag on the economy period. Spending human time and efforts on war stuff just inflates the value of useful stuff to us commoners, and economically hurts us. That's just common sense. But given the state of the markets when Bush took his first oath, it's easy perhaps for you to understand why he felt somewhat the same way after 911 about taxes that you do, if more temporarily, now. I don't give nearly so much a hoot about these small potatoes timing issues when I know we were bound to pay eventually. So I repeat, it's where the pie is cut that makes the real impact on improving our path. If the government cuts a larger piece for war (or just general other purposes for that matter), it can only hurt economically, no matter if you finance it or pay for it right away(discounting of course that war might save our warm asses, which would be a reason to suffer for the sake of war, of course, if sadly). Dan B