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Bush is using Reaganomics, but the thing about Reaganomics is the fact that it did indeed pump more money into the economy, unemployment was it it's lowest and the stock market was at one of it's highest points in history. However, the only problem I have with this tax plan is deficit spending, there has to be a way to eliminate the deficit spending while giving the ppl a decent tax cut. My solution (of course, I'm not the President, yet.) would be to reform government to cut down on government spending, because there are tons of useless programs within the government right now that are obsolete. Call it streamlining, this way, the government wouldn't have to spend as much to maintain itself. Also, what Bush can do is take a good bit of that money that is being invested into Defense, and tell the DoD to start researching new technology so as to streamline that department even farther, I don't know, maybe I'm a genius, or maybe I'm just the guy who has spoken a forgotten idea, but I think it should work. As far as the tax cut goes, it will help the economy, I mean back in the 80s Reagan did the same thing, and people got even less money than what they would now, and the economy boomed. Now I agree, this is an attempted quick fix and it needs to be coupled with something that can reduce the deficit spending.
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"This ain't no Ice Cream Social!"
"Hey Grif, Chupathingy...how bout that? I like it...got a ring to it."
"I have no earthly idea what it is I just saw, or what this place is, or where in the hell O'Malley is! My only choice is to blame Grif for coming up with such a flawed plan. Stupid, stupid Grif."
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