spending helps the economy more than cutting taxes. It's a staple of
economic theory that the velocity of a dollar (the speed with which it moves
from entity to entity) is much greater when it comes from the government,
because the government does not save the money but people do. The economy
is slowly recovering from a bubble, and this is certainly helped by the
spending. However, the bankroll for this spending of this current
administration is not covered by anything in the bank, and this spending
does is not helping the people who live in the US as much as is it some very
high-profile corporations. I think that people generally realize this -
money is flowing out of the government but not back in - this also happens
to be recipe for inflation (think Reagan years). People are hoarding the
money they have as much as possible. Corporations who got big tax cuts do
not need to hire more people because people are 1) hoarding their money 2)
will work for less to keep their jobs and 3) are becoming more productive
using things that are bought to make them more productive with the money
that is saved from corporate taxes. Jobs are not climbing in a meaningful
way, they have little rises and then fall back down. Taxes need to be
increased - spending needs to happen - the money needs to circulate rather
than sit in somebody's (or some corporation's) bank account. Everybody gets
richer when the money flows.
I don't mind government spending but what we have is wasteful and
unproductive. I also don't like taxes but it makes things better for
everybody.
- Matt Small
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From: Sam Morris [mailto:[EMAIL PROTECTED]
Sent: Friday, October 08, 2004 4:55 PM
To: CF-Community
Subject: RE: Tax and Spend Liberal
Well this is better addressed by Won but I'll give you
my take.
I do think Bush is overspending but I'm not sure if
it's needed. I'm sure there's wasteful spending by the
Bush admin but am unaware of what that is. I would
need to know more of what people consider waste in
spending by the current admin.
I do realize a lot of the spending is for homeland
security and new departments in the 9/11 panels
recommendations. This to me is a no choice spending.
The Iraq war is a different argument all together. I
think it was necessary but many on this list don't so
I'll leave that aside.
Looking at Reagan years people used to call it
Reaganomics as if that were a bad word. In reality it
proved that lowering taxes boosted the economy.
Bush tried the same thing and it's working again.
So, I think raising taxes before a full recovery would
undo these gains.
-sm
--- Matthew Small <[EMAIL PROTECTED]> wrote:
> So I guess the real question is: Is it worse to "tax
> and spend" or just
> "spend"? What do you think, Sam? Regardless of
> who's doing it - either
> Kerry, Bush or anybody else?
>
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