Quote:
Originally posted by cthulu23
I'm having a parallel debate in another thread so I won't paste the sme quote, but here is a link instead...
http://www.nationalreview.com/nrof_b...0406280912.asp
Synopsis: because of current economic conditions, tax increases are inevitable. Note that the source is the National Review.
I agree that government is wasteful, but I suspect that we would prioritize needs a little differently.
Greenspan is ALWAYS for tax cuts....he favors off-setting Bush's cuts by cutting social security, which fits into his philosophical belief that all charity is harmful. If we follow supply-side logic to it's end, we find a country where only the poor are taxed and only the wages of the rich are increased. That doesn't seem very fair, does it?
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Your characterization of his beliefs regarding social security is way off as is the theory of supply side economics. The link you provided is typical of many pieces of economic analysis. Plenty of holes and an analysis that would likely fail anything beyond a high school economics course. But I digress. This thread isn't supposed to be about economics and I think we're jacking it a bit too much.
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Last edited by onetime2; 06-30-2004 at 07:36 AM..
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