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Old 05-23-2003   #7
RawAlex
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Mike, unless the government cuts it's expenditures by the amount of the tax cut (and it hasn't, with the Iraq thing and homeland security, the budget is UP a bunch), the money given to the public as tax reductions is fools gold - every dollar not paided today costs you 1.05 (5% interest) next year... and keep adding to that every year the debts go up.

Balance the budget, pay down the debts, and there will be long term tax reductions when the government spends less on debt service. Continue to make short term moves, and it will be give with one hand, take with the other for as long as you keep voting them in.

Alex
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