From: jjprice@eos.ncsu.edu (JEFFREY JAMES PRICE)
Subject: Re: Tax cuts (is this guy crazy)
Originator: jjprice@c00075-100lez.eos.ncsu.edu
Reply-To: jjprice@eos.ncsu.edu (JEFFREY JAMES PRICE)
Organization: North Carolina State University, Project Eos
Date: Thu, 21 Jan 1993 19:09:58 GMT


In article <MDL.93Jan20141150@nv.cypress.com>, mdl@cypress.com (Matt Landrum) writes:

|>In article <1993Jan19.225413.24584@ncsu.edu> jjprice@eos.ncsu.edu (JEFFREY JAMES PRICE) writes:
|>
|>
|>   |>In article <MDL.93Jan15115718@ak.cypress.com> mdl@cypress.com (Matt Landrum) writes:
|>   |
|>   |>>
|>   |>>in times of recession...  He thought government spending was more effective
|>   |>>because than tax cuts because part of the tax cuts would go to savings.
|>
|>   Did this guy say what I think he said.....
|>
|>no, you jumped in to the middle of the thread.  Do you even know
|>who the "he" is any more?
|>
My mistake I never have gotten the hang of figuring out who said what
but all I know is someone said it.

|>   We shouldn't cut taxes because peole might save the money.....
|>
|>what he said (or my interpretation of it) was that if you believe it's
|>the job of the government to stimulate the economy in times of
|>recession, government spending is better than income tax cuts, because
|>part of the cuts would go in to savings rather than investment.
|>
Personally I feel that is a lowsey way to do it. The government wastes
so much money. If you give people more money to spend they will spend it.
The problem with a recession is no one has spare money to spend. I feel
that a recession is more psycological than anything else. People think they
are in a bad time so they are unwilling to spend what little they have and
then the gov't takes that away to because they have to spend more on the
economy. I really believe that the media could alone bring us out of a 
recession(a depression is a different story.)

|>   A true democrat at heart...If someone saved money they might become
|>   rich and we can't let that happen.
|>
|>   Gee Whiz...If I didn't save my money I wouldn't be attending
|>   college right now...My parents helped out some but my dad was out
|>   of work for a total of one year during the past four(not all at
|>   the same time)...Right now I am down to my last $93 bucks until
|>   May when I can go back to work. I plan to get a real job this 
|>   summer and actually make some money which I can "save"...some
|>   will go to college..some of it will go to buying stuff for me...
|>   and the rest will go for when I get out of college and want a 
|>   decent car (OH Yeah...that was something else I bought with my
|>   savings)
|>
|>When you say "save" I assume your not just putting it in a regular
|>savings account.
|>
No. I did put in a regular savings account. And just let it sit there at barely
above the prevailing inflation rate. It was just someplace I could put
my money until I really needed it and to make sure I didn't spend it on
the new G.I. Joe figure that just came out.

|>   My parents taught me to save my money because I might need it someday..
|>   They have helped me out a lot but all the things I have done in the
|>   past four years would not have been possible without my savings.
|>   I guess I should have just wasted my money on frivolous things instead
|>   of buying a car or going to college. Better yet maybe I could have
|>   given $4000 bucks to the gov't and let them use it..NOTTT!!!!!!!
|>
|>While you're in college, try taking some economics courses to learn
|>the difference in savings and investment.  Also, quit whining about
|>having to pay your way through college.
|>
|>disclaimer to those who know economics:  I am not a Keynesian
|>--
|>
|>
|>Matt Landrum, CAD Engineer      | e-mail: mdl@cypress.com
|>Cypress Southeast Design Center | office: (601) 324-4609, FAX - 4614
|>1 Research Blvd, Suite 200      | "You can get what you want if you
|>Starkville, MS  39759           | know how to find it." -- Tower of Power
|>
|>
|>
-- 
-Jeffrey Price
_____________________________________________________________________
| "When he went, had you gone and had she, if she wanted to and were |
|  able, for the time being excluding all the restraints on her not  |
|  to go also, would he have brought you, meaning you and she, with  |
|  him to the station?"                                              |
| "OBJECTION: That question ought to be taken out and shot!!"        |
|____________________________________________________________________|