Then they should proceed by ramming the Bush plan through in its entirety. It is what the country needs. Let us not forget that in 1996 the Republicans forced Mr. Clinton to be a supply-side guy and drop the capital gains tax from thirty to twenty percent. What ensued was a boom in venture capitalist activity that helped to spur the economy to new heights. They know that a tax cut never caused a deficit.
Runaway spending causes deficits.
Yet they would rather sacrifice the economic well being of the country in order to strengthen their base of support - those to whom the majority of spending is appropriated. The liberal mindset of the Democrats and the curious thought process of Mr. Greenspan have presented us with a paradoxical dichotomy. With regard to both, we are in the precarious situation where by good news is bad news and bad news is good news. Joseph Heller would be so proud. If we are to see further rate cuts to boost the economy then we must hope that the most prominent of economic indicators show negativity.