[blockquote]----------------On 12/9/2002 11:59:40 PM Rational Thought wrote: [blockquote]
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On 12/9/2002 9:00:48 PM atabuy wrote:
For any republican here who thinks Bush is doing good for the national debt wondered into some good cannibis somewhere.
Republicans have a knack of reducing everything but debt. The good old boy system works very well for the rich while the poor get poorer.
Their trickle down seems to stop somewhere between filthy and rich.
The deficit which is being made is just a transfer of wealth from the gov. to the rich through big business. Defense, oil, etc.
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[/blockquote]
Deficits do someting very helpful for US society (although I wish we could find a different mechanism)....they constrain the growth of government. Surpluses tend to expand governments because of the desire of politicians to empire build (e.g. move most of government to West Virginia). When you have a deficit, politicians are forced to limit spending on "important" activities and not frivilous pork.
So, I'll take deficits if they prevent the government from expanding into every nook and cranny of our society.----------------[/blockquote]
Is that like the business mantra during the LBO era of the 80s, its good for a business to have large debts because it makes management concentrate on running a lean business?
Or maybe the rich need tax cuts because they invest in the economy?
Like Jack Welch, his money is invested in very low interest government bonds, almost all of his 500 million. Research the WSJ for details.
Or like the ENRON geniuses who were busy investing in mansions in bankruptcy secure Florida, that really was an investement in the national economy, did they use US marble or import it from Italy?
Some debt is necessary, I doubt if the US economy could balance its books year to year, but to claim that a deficit per se is healthy? How come things were running smoother under Clinton's minimum defict budget?
At least I hope that Bush jacks up the interest rates again, what Bank of America is paying on my savings borders on highway robbery.
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On 12/9/2002 9:00:48 PM atabuy wrote:
For any republican here who thinks Bush is doing good for the national debt wondered into some good cannibis somewhere.
Republicans have a knack of reducing everything but debt. The good old boy system works very well for the rich while the poor get poorer.
Their trickle down seems to stop somewhere between filthy and rich.
The deficit which is being made is just a transfer of wealth from the gov. to the rich through big business. Defense, oil, etc.
----------------
[/blockquote]
Deficits do someting very helpful for US society (although I wish we could find a different mechanism)....they constrain the growth of government. Surpluses tend to expand governments because of the desire of politicians to empire build (e.g. move most of government to West Virginia). When you have a deficit, politicians are forced to limit spending on "important" activities and not frivilous pork.
So, I'll take deficits if they prevent the government from expanding into every nook and cranny of our society.----------------[/blockquote]
Is that like the business mantra during the LBO era of the 80s, its good for a business to have large debts because it makes management concentrate on running a lean business?
Or maybe the rich need tax cuts because they invest in the economy?
Like Jack Welch, his money is invested in very low interest government bonds, almost all of his 500 million. Research the WSJ for details.
Or like the ENRON geniuses who were busy investing in mansions in bankruptcy secure Florida, that really was an investement in the national economy, did they use US marble or import it from Italy?
Some debt is necessary, I doubt if the US economy could balance its books year to year, but to claim that a deficit per se is healthy? How come things were running smoother under Clinton's minimum defict budget?
At least I hope that Bush jacks up the interest rates again, what Bank of America is paying on my savings borders on highway robbery.
24 PM Bob Owens wrote: 
