To: Lando Lincoln
All of these changes would put more money--an average of $1,083--into the pockets of nearly all taxpayers, and, because the Treasury would reduce withholding taxes immediately, Americans would be able spend the extra cash or invest it to boost the economy at a critical time. Tell it to Tom Daschle.
And Olympia Snowe...
2 posted on
04/16/2003 7:51:54 PM PDT by
okie01
(The Mainstream Media: IGNORANCE ON PARADE.)
To: Lando Lincoln
overall good. we absolutely need the tax cuts if we want this decade to be a high grwoth.
but it is not correct to compare federal debt/GNP ratio to a family debt/income ratio ... why? because the GNP doesnt all belong to the Govt of course! government spending at the Federal level is a bit over 20% - it really should be much less, like 15%. So, divide what a family can support by 4-5 - usually since a family can handle debt/income of up to 2x income, our own debt/GNP can easily be 40% or more.
But a debt/GNP ratio above 100% is dangerous and burdens a govt heavily.
3 posted on
04/16/2003 8:26:39 PM PDT by
WOSG
(All Hail The Free Republic of Iraq! God Bless our Troops!)
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