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Old September 23rd, 2003, 01:57 PM     #3 (permalink)
shahani
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Join Date: Oct 2001
Location: Fort Lee, NJ
Posts: 3,422
Tax cuts, used wisely, can give an impetus to a slagging economy. Providing other elements of the economy are doing OK.

It is one tool.

But, if used for political reasons, it can be disastrous for the future.

The future belondgs to our children and Bush just mortgaged it to finance a war and buy votes. People are happy today to receive some spending money out of the blue.

But they will not be happy when the problems associated with huge deficits kick in.


There is no upside to this situation.

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