[Support Free Republic]

Donate Here By Secure Server

Or mail checks to
FreeRepublic , LLC
PO BOX 9771
FRESNO, CA 93794
or you can use
PayPal at Jimrob@psnw.com

Become A Monthly Donor
STOP BY AND BUMP THE FUNDRAISER THREAD
Thanks Registered

[jwalsh07]

I agree with Milton. Anything that takes food out of the belly of the beast is a good thing.

[tet68]

Hey milt, ya know what this American wants?
More Ammo, bigger gun safes, crew served weapons,
oh and santa, a humvee to carry them in.
And remember milt, if it all breaks down, your name is on OUR list too.

[Mitchell]

Many discussions of the economic effect of tax cuts and deficits implicitly assume that government spending is predetermined and independent of whether there is a tax cut or a deficit. In that world, deficits are produced entirely by a shortage of tax receipts. Raising taxes can eliminate the deficit without affecting spending. As I see the world, the situation is very different. What is predetermined is not spending but the politically tolerable deficit. Raise taxes by enough to eliminate the existing deficit and spending will go up to restore the tolerable deficit. Tax cuts may initially raise the deficit above the politically tolerable deficit, but their longer-term effect will be to restrain spending.

Milton Friedman makes an insightful point, as one would expect. Thanks for posting this.

[Sam Cree]

*

[Sonny M]

I've always like'd Milton Friedman. He's forgotten more about economics then any idiot liberal will ever know. Its funny, but Zell Miller actually was talking about how the RATS should try pushing for tax cuts, there own tax cuts as a way of winning elections, but that they've never seen a tax cut that they like, or a tax that they didn't want to raise. Now they finally come up with some kind of cut (a bad one) and they want Bush to use it.