[CLUE-Talk] Iraq Stuph

[Jeffery Cann]

On Tuesday 22 April 2003 09:37 pm, Randy Arabie wrote:

> Kennedy-Johnson & Reagan-Bush administrations both implemented tax cuts
> in that resulted in an increase in tax revenue.

While that may be true, why was there such a huge deficit during these 
administrations, which later led to long-term recessions under both 
administrations?

Many economists do not agree that a long-term deficit is a good thing.  
Supply-side economics has not been proven, as some would lead to believe.  Of 
course, it's difficult to pinpoint economic health against a tax cut or 
deficit spending.

Jeff

-- 
Life is a tie. In the end, no one wins. 
 -- Oswald Neimo