Historically, tax cuts for a population with a large debt load does not significantly increase spending which was the major goal of the Bush tax cut. This is because in a recession, or near recession, consumers tend to pay bills or invest rather than buy goods and/or services.
Larry Lyons wrote: > > And the republican party has not been? I still cannot see the merits of > plunging the country into massive debt based on an ideological point. We > almost elmininated the crushing debtload that Ronnie Raygun and Bush Senior > saddled us with, when the junior bush decides to wipe out any gains. That is > not the most swisft of moves, especially now that there is a self declared > war that makes such discussion moot. To pay for this thing where is the > money coming from? Either the government will be be forced to raise the > recently lowered taxes or put us in a spiral of deficit spending that we > have not seen since the 1980's. > > larry > > > -----Original Message----- > > From: Lee [mailto:[EMAIL PROTECTED]] > > Sent: Wednesday, September 26, 2001 2:53 PM > > To: CF-Community > > Subject: Re: Greenspan: Tax cut needs to be big > > > > > > On Wednesday, September 26, 2001 1:33 PM, Larry Lyons > > <[EMAIL PROTECTED]> > > wrote: > > >Since when does an economist's opinion mean that the > > democrats are lying? > > >Rather than logically presenting the case, you ask the > > reader for a leap > > of > > >faith Greenspan blabs something, so you say the democrats > > are lying? How > > >does one get from one conclusion (greenspan testifying > > before congress) > > to > > >the other (the democrats are lying). It just doesn't follow. > > Where's the > > >evidence? > > > > > Maybe lying is a little harsh. Let's just say the democrats > > have been a > > little disingenuous when debating the tax cut issue. Unless > > of course they > > don't agree with Greenspans contention that tax cuts provide > > much needed > > economic stimulus. > > > > Lee > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Get the mailserver that powers this list at http://www.coolfusion.com Archives: http://www.mail-archive.com/cf-community@houseoffusion.com/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
