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

To: i-node who wrote (456885)2/16/2009 10:44:37 AM
From: combjelly  Respond to of 1576949
 
"Tax cuts are a well-established means of heating up a weak economy. Spending money isn't. "

You have that exactly backwards.



To: i-node who wrote (456885)2/16/2009 11:10:55 AM
From: Alighieri2 Recommendations  Read Replies (1) | Respond to of 1576949
 
Tax cuts are a well-established means of heating up a weak economy. Spending money isn't.

According to the CBO, spending is the most direct method of stimulus, and have the highest multiplicative effect. Tax cuts are the least direct method and have the lowest multiplicative effects. Tax cuts to wealthy have the VERY LEAST effect. Hey, that's the CBO...what do they know anyway?

Al


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