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Uhhh, dumb question! |
excon |
10/12/04 |
Hello fiscal conservatives, I know you must be out there:
Uhhh, uhhh, we have a deficit, huh? A big one, huh? So, why are the Republicans giving business another 1.3 billion dollar tax break? Is this la la land? Did I wake up to the Mad Hatter being in charge?
excon
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Clarification/Follow-up by excon on 10/13/04 9:37 am:
Elliot:
Yeah, yeah, I know he answered over there, but I can't post my clairification over there, so I'm doing it over here. Don't ask me why!
>>>First of all, I need to ask you something. In what way, shape o form does a deficit affect you personally?<<<
The deficit affects me in two distinct ways: 1) If they cure the debt by printing money (which is what they did after Viet Nam) and causing massive inflation, then my money becomes worth less. The wealth that my money represented, is transferred to the government in an illegal and un-Constitutional tax.
2) If they don't cure it with money printing, and continue to pay the debt, then the interest alone could better the lives of average Americans instead of paying interest with it.
Using debt wisely is prudent. Using debt stupidly is suicide. Being in the financial business, I would think you would know that.
excon
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Answered By |
Answered On |
kindj
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10/12/04 |
However, it's a fact that no nation has EVER taxed itself into prosperity.
DK |
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