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Last post 20 years ago by Robby. 7 replies replies.
Tax and spend
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penzt8 Offline
#1 Posted: Thu, Apr 1 2004, 6:47 AM EST
Joined: 06-05-2000
Posts: 1,771
or borrow and spend? Either way, we the taxpayers are going to pay the bills. Bush economic policy is running a deficit but lowered taxes. Kerry would likely raise taxes to cover the cost of the programs he supports. Pay me now, pay me later. What's the difference?
barryneedleman Offline
#2 Posted: Thu, Apr 1 2004, 7:39 AM EST
Joined: 08-23-2000
Posts: 1,689
The interest that will triple the price and leave the bill for our kids.
Homebrew Offline
#3 Posted: Mon, Apr 5 2004, 6:16 AM EST
Joined: 02-11-2003
Posts: 11,885
What Barry Said.
Later
Dave (A.K.A. Homebrew)
penzt8 Offline
#4 Posted: Mon, Apr 5 2004, 7:17 AM EST
Joined: 06-05-2000
Posts: 1,771
I agree, it's cheaper in the long run to pay today's bills today. Anyone with a credit card can figure that out. I just find it amusing that republicans always represent the democrats as tax and spend but they are in favor of borrow and spend.
00camper Offline
#5 Posted: Mon, Apr 5 2004, 9:11 AM EST
Joined: 07-11-2003
Posts: 2,326
Ronald Reagan cut taxes and borrowed about $5 trillion to win the cold war. The benefits were reaped (and cretit unjustly claimed) two administrations later by Bill Clinton.

Today George W. Bush has cut taxes again and will borrow many trillions more to win the war against terrorists. The benefits cannot be seen today (just like the benefits of winning the cold war could not have been seen in the 1980s) but it is a sure thing that there will be rewards for doing so, and, more than likely, credit for those benefits will be unjustly claimed by another president who had no hand in producing the result.

Achieving something great is never without cost or hardship. The U.S. would not have entered second world war - and Europe would still be in chains - if people here had thought about what it would cost to do so and how long we would be paying for it.
barryneedleman Offline
#6 Posted: Mon, Apr 5 2004, 12:09 PM EST
Joined: 08-23-2000
Posts: 1,689
OO, I am not saying your theory is correct, but even if correct, the debt of the 80s hasn't been repaid, we are just digging a deeper and deeper hole for our children. Just as we find that our personal debts must eventually be repaid so must the debts of our gevernment.
fritzthetiger Offline
#7 Posted: Mon, Apr 5 2004, 1:02 PM EST
Joined: 04-03-2004
Posts: 314
Let's remember too; the Govt is NOT in the business of making money; deficits aren't evil, they're another way of showing responsible spending.
Robby Offline
#8 Posted: Mon, Apr 5 2004, 1:50 PM EST
Joined: 10-30-2002
Posts: 5,067
**Sigh**

**Heavy Sigh...**
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