Big tax cut eh?????
Hmmm, I have a few sobering thoughts to all you, "I have 3 or 4k more in my pocket now" guys out there.
Try this one on for size........
500 billion dollar annual US federal budget deficit.
500,000,000,000.00 Dollars.
Better read this one ......
http://www.brillig.com/debt_clock/
Bush is just borrowing money to fund your tax cut. Plain and simple.
Oh, and next year, the budget deficit is projected to be even more.
Wake up, there's no such thing as a free lunch. You might think so, but there is not. It's all politics. Bush wants relected, so to make you feel like he's "coming through for the working man" he borrows money and hands the problem to some future poor slob of a president.
You can live in denial all you want, but that debt is REAL, and the tax dollars that go to pay just the interest will be staggering.
La la la la ho hum de dum. Living in a dream world........
Just wait till uncle alan greenspan has no choice but to raise interest rates to protect the plunging dollar and to satiate the falling bond market. It's going to be very very ugly.
I plan to liquidate all my stocks held (as trivial as they may be) prior to 2005 because this economy is going to shut down once the borrowed money tit dries up sometime after the next US election.