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To: Lefty-NiceGuy
Wouldn't one way of doing that be in paying off some of the debt? Yeah, theoretically--but then what is happening to the money supply when you do that?? Not a move you'd like to try when you're afraid of a Recession!
19 posted on 06/04/2003 7:36:21 AM PDT by conservatism_IS_compassion
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To: conservatism_IS_compassion
"Not a move you'd like to try when you're afraid of a Recession!"
Yup, Kensian fiscal economics -- A) when you're down spend, cut taxes and make debts B) when you're up cut spending, raise taxes, and pay off debts. Somehow people forget how to do part B :-).

I feel another lesson in supply side economics coming on. I'm afraid I'm never going to buy that stuff. My point was just that before the US pays off it's debts it should leave loaning money to industry. I know this leads to SSTF's two books, but I'd rather have them invest granny's retirement there than pick stocks based on some halfwit policy. We'll just have to be honest with ourselves when it comes time to tax and spend looking at both books.
22 posted on 06/04/2003 8:06:01 AM PDT by Lefty-NiceGuy (SSTF)
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