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To: koan who wrote (96570)	4/17/2009 1:20:47 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 116555

Koan; On Kugman's home page he has a graph which shows this is ecactly what happened. By 1950 personal debt was very low and government debt had fallen greatly. But aren't you just shifting the debt from the individual to the individual "tax payer" - and adding in the inefficiencies of government? Krugman seems to think there is a magic bucket of money that we just pull dollars out of - but what about all the debt we owe our trust funds (SS) and other nations - China. Where do you think the money for the interest payments going to China comes from if not the individual tax payer? ......So instead of being able to borrow and buy a big screen TV we instead pay taxes to pay interest on the money owing China and others.

To: koan who wrote (96570)	4/17/2009 4:15:30 PM
From: Metacomet	1 Recommendation Read Replies (1) \| Respond to of 116555

Most economists say tax cuts do not work as people just save the money or pay down debt. Not necessarily. That is why Obama is sponsoring tax cuts for 95% of Americans, regardless of what the airhead tea partiers are being told by Fox. By cutting taxes on those who have to spend for necessities, the economy is boosted. This whole tax increase mountain out of a mole hill is over the suggested 3% increase on folks making over a quarter million a year. Amazing how those fat cats can get stupid people to do their bidding.