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To: Kennard
"The author displays a complete ignorance of basic economics in this rambling and scattered piece. In addition, he favorably quotes Rubin and Krugman, no friends of the free market."

No disagreement there. He could have found better sources.

" The U.S. will grow its way out of its deficit."

The government deficit? Never. The consumer deficit? Only via default.

" Let's have another tax cut."

It's needed desperately. But it will not happen.
12 posted on 01/18/2004 1:24:49 PM PST by Beck_isright ("Those who stand for nothing fall for anything."-Alexander Hamilton)
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To: Beck_isright
To have tax cut, one must have monies that mean control and cutting of spending. US not comprehend basic accounting...it have tax cut and increase spending, this is debt..like take large loan on credit card...even if balance not paid, interest is.
17 posted on 01/18/2004 1:35:32 PM PST by RussianConservative (Xristos: the Light of the World)
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To: Beck_isright
"The U.S. will grow its way out of its deficit."

The government deficit? Never

George Bush, Toledo, Ohio, April 24, 2003:

But I know we can grow out of the deficit with wise policy. And the best way to deal with the deficit is to address the two things that affect a deficit. First, increase revenues to the treasury through economic growth and vitality, and that's what we discussed here today. And second, make sure Congress does not overspend your money, make sure its focus is on the things that we need and doesn't spend beyond the things that we need. The best way to solve the deficit is to grow the revenues coming into the treasury through economic vitality and have fiscal sanity in Washington, D.C.

http://edition.cnn.com/2003/ALLPOLITICS/04/24/bush.transcript/

25 posted on 01/18/2004 1:46:24 PM PST by Praxeologue
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