To: Eala
Dubya's tax cuts will be ineffective as far as domestic economic stimulus.
The cash will merely flow OUT of our domestic economy, either as increased overseas investment or as the Trade Deficit, leaving the U.S. Treasury deeper in debt.
Dubya's policies are absolutely dismal.
It's as though he and Robert Zoellick have targetted the American Middle Class for economic obliteration.
To: Willie Green
"The cash will merely flow OUT of our domestic economy, either as increased overseas investment or as the Trade Deficit, leaving the U.S. Treasury deeper in debt."
Excellent point, thanx for pointing that out.
28 posted on
07/03/2003 10:04:49 AM PDT by
Fyscat
To: Willie Green
Just how does a cut in marginal tax rates cause a flow OUT of the US?You may just see an INCREASE in the trade deficit...aka the capital account surplus...as more can be bought with less.It helps, Willie, if you at least try to understand the terms you use.BTW, the Treasury wouldn't be deeper in debt because of your reasoned analysis.
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