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To: manuelmpf
U.S. Economy Grows at 8.2 Percent Rate, Revised From 7.2 Percent Estimate.

Here' s what tax cuts do, which can cut the deficit faster than anything else, with spending held in check.

33 posted on 01/27/2004 1:43:41 PM PST by ilgipper
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To: ilgipper
Yup and the quickest way to get rich is to steal...

Have you ever heard the phrase "short-term stimulus gimmick"?

O'Neill was advocating a modest tax cut to the middle class while holding tax rates on the wealthiest. Mr. Bush's irresponsible handling of fiscal policy coupled with the $87 billion to "re-build" Iraq (for which both Dems and Repubs share the blame) turned a $500 BILLION dollar surplus into a deficit that will be felt for generations to come.

Absolutely the economy took an upward turn after these tax cuts kicked in...that's EXACTLY what they were designed to do. Unfortunately it's rather like raiding the kids' college fund to pay for a new pool and spa..."Well, if we cut back on spending, we MIGHT be able to pay that cash back when Junior's ready for college."
39 posted on 01/27/2004 1:59:30 PM PST by manuelmpf
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To: ilgipper
"Here' s what tax cuts do, which can cut the deficit faster than anything else, with spending held in check."

It's that whole spending held in check thingy that seems to be a problem....With both parties!
46 posted on 01/27/2004 2:23:12 PM PST by eboyer
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