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1 posted on 10/29/2002 4:57:43 PM PST by az4vlad
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To: az4vlad
No, every textbook written about economics will tell you that raising taxes only hurts the economy. Capital gains cuts are most desired. The key according to Dr. Blanchard, an MIT economics professor, is a balanced budget where spending meets public demand for it. The economy is cyclical. By the way, FDR's New Deal did not get out us out of depression.
2 posted on 10/29/2002 6:15:30 PM PST by sboyd
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To: az4vlad
No, you take a nickel out of my pocket and GIVE it to someone else, you only transfer money to be spent.

To grow the economy you must make that nickel more valuable by making it more productive. You do that by investing it.

The economic problems faced by the country is mostly due to credit terms that are as tough as the great depression.

Very few businesses can borrow enough and invest today to grow their business.

3 posted on 10/29/2002 8:04:07 PM PST by JZoback
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