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

To: RetiredNow who wrote (530504)	11/18/2009 11:46:47 PM
From: i-node	Read Replies (3) \| Respond to of 1574685

That era saw spending cuts and tax increases by both the GOP and Dems. The era in which the deficits reduced was the same era which followed the Clinton/Gingrich tax CUTS and Clinton/Gingrich spending CUTS. The tax cuts were, as they have always historically been, responsible for driving economic growth (just as in the 60s after JFK's cuts, and in the 80s after Reagan's cuts). But the spending cuts obviously contributed just as did the economic growth (which, as supply side predicted it would, brought in more tax revenue). The Reagan years would have had the same result but for the fact he made up his mind (actually, before he was elected) that the USSR was economically weak and could be out-spent to end the Cold War, which of course, was exactly correct. renewable energy to secure our place at the forefront of that new industry, I have no problem with this concept but it should not be a government initiative. At all. Government did not need to give money to Henry Ford or Genentech to get them to innovate. But to be honest, if I were choosing an "investment" for the future, I would focus much harder on nanosciences than I would on renewable energy. In the longer term -- 20, 30, 50 years -- nanoscience is apt to play a much more important role. Not that I'm against renewable energy. I just think it is a smallish field compared with nano (no pun intended).