Bush's tax cut is a good one

Dagnabit · 02-08-2001, 11:33 PM

"A private investment typically results in only about 1/2 return compared to interest payments on government debt."

I'm skeptical, because otherwise there would be no reason to have stock exchanges and everyone would just buy treasury bonds. But assuming that you're on point --

Just don't let the government go into debt (except at wartime). Recognize what William Jefferson Clinton stated in, what, his third State of the Union address? "The era of big government is over." If that's so, we should stop paying for it.

The tax cut has ten years to operate. The spending cuts will have to match in kind. Plenty of advance warning.

[Edited by Dagnabit on 02-09-2001 at 12:35 AM]

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02-08-2001, 11:33 PM	#15
Dagnabit High Propagandist Join Date: Jan 2001 Posts: 115	"A private investment typically results in only about 1/2 return compared to interest payments on government debt." I'm skeptical, because otherwise there would be no reason to have stock exchanges and everyone would just buy treasury bonds. But assuming that you're on point -- Just don't let the government go into debt (except at wartime). Recognize what William Jefferson Clinton stated in, what, his third State of the Union address? "The era of big government is over." If that's so, we should stop paying for it. The tax cut has ten years to operate. The spending cuts will have to match in kind. Plenty of advance warning. [Edited by Dagnabit on 02-09-2001 at 12:35 AM]

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