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also, lets keep everything in relateable terms. If your going to talk about the debt, talk about it in terms of GDP...for consitency and so we can make some sense out of it.
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Stevo...IMO it goes beyond the issue of GDP to a broader philosphical approach to fiscal priorities. For me, it is debt reduction before tax relief,particularly since the national debt that has been growing exponentially for the last 4 years.
I dont think the tax rates in the 90s were so burdensome that they stiffled economic growth or personal wealth...while I think the national debt, if left unattended may have serious economic consequences.
After 4-5 years of disciplined spending, paying down the debt, and without the Bush tax cuts being permanent, we should be able to do both.