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Jack_www
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Well in my state I live , California they are rising taxes , or at least planing on doing that. They also want to raise the fees for collage students, but thankfully due to the stalemate the legislature is in fees wont be raised the coming semester. They plan on tripling the car tax, raise the income tax, and try to put fees on almost every good people buy to get out of the decift. Also little in the way of buget cuts has taken place. At least the federal taxes will be lowered.
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Arrian
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Kneel before Grog!
Jul 2001 time: 00:28
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So we cut our revenues (at least temporarily - let's assume for the sake of argument that the Republicans are right and the tax cuts will spur economic growth and thus enlarge the tax base down the road) but we don't cut spending? Big deficit. Or we cut spending, which typically means a reduction in social programs.
Meanwhile, the massive debt load just gets bigger. State governments are going to get less from the Feds, so they will raise taxes, partially counteracting the Federal tax cut.
Look, tax cuts are nice and all, but it doesn't make any sense to me that you would cut taxes but not cut spending at the same time, and then raise spending later when the revenues come back up. Second, it makes no sense to me that our government (both Federal and State) can't see far enough ahead to run a surplus during boom times and save it so that when the inevitable bust comes around, there is money lying around to help cover deficit spending. We live in a capitalist economy for crissakes! It's cyclical, and we've known that for decades. Yet every time a recession comes around, everybody acts all surprised and panicked, as if they had no idea it was coming. It sickens me. No responsibility whatsoever.
And don't talk to me about "surpluses" during the Clinton years. To the extent that those really were surpluses, they were still far, far too small. I'm talking about putting away several percentage points per year (5%, perhaps), using half of it to start chipping away at the debt and the other half to save for a rainy day - that we all know will come again.
Damn, we have a "strategic petroleum reserve" why don't we have a "strategic dollar reserve?"
-Arrian
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MRT144
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Seattle Washington
Oct 2002 time: 21:28
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before i die i want to see 3 things in america
1. national healthcare by the government
2. fusion power plants
3. the olsen twins in gangbang porn
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gunkulator
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I'll volunteer my portion of the tax cut for #3! Who's with me?????
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JPGray
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double post
Last edited by JPGray on 28-05-2003 at 01:43
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MRT144
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Seattle Washington
Oct 2002 time: 21:28
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bods could become a jewish black lesbian...
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All times are GMT. The time now is 05:28. Apolyton Time is 00:28. |
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