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To: eraser2005

We came out of the 91 recession due to lower interest rates, new construction due to hurricane damage, and a technology boom. All these things offset the Bush and Clinton tax increases. However one Clinton sued microsft, and the dot-coms destroyed the markets, there wasn't anything to keep the economy moving forward. Then 9/11 happened which made a mess of everything.
The tax cuts W offered were very modest in size. And yet they've helped to revive the economy. With bigger, more massive tax cuts, revenues will be much stronger. For the economy and the tax base will be much larger


78 posted on 02/03/2006 7:38:27 AM PST by jimfrommaine
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To: jimfrommaine

Possibly revenues would be larger... but I would not classify W's cuts as "modest". Modest cuts are ones which provide growth large enough that within a 2-3 year time frame you're back at a balanced budget. No more cuts should be allowed until the budget is brought into balance. This $600 billion a year stuff is insane....

The dot-com bust and 9/11 were a nasty combination (I don't consider Microsoft suits a contributor at all)... but the dot-com bust can be placed solely on the insanity of get-rich-quick "investors", not the government...


81 posted on 02/03/2006 7:44:20 AM PST by eraser2005
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To: jimfrommaine
"The tax cuts W offered were very modest in size. And yet they've helped to revive the economy. With bigger, more massive tax cuts, revenues will be much stronger. For the economy and the tax base will be much larger"

I knew that.

Michigan's problems are unions running all the business out of the state, and that stinking socialist Gov. that has raised every tax and fee imaginable.

Throw in some insane business regulations and its a wonder things aren't worse here.
84 posted on 02/03/2006 7:55:48 AM PST by Beagle8U (An "Earth First" kinda guy ( when we finish logging here, we'll start on the other planets.)
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