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Message: White House predicts record $1.47 trillion deficit

Tax cuts drive increased federal revenue.

Myth. Stimulus is much more effective. Especially when you remember that fully 1/3 of the stimulus package was tax cuts. Something ignored by conservative pundits whn the talk about the "$781 billion stimulus packeage." But as was proven last week, the truth never got in the way of the Racist Right.

Myth? You mean that "stimulus" that cost more in inflation adjusted dollars than the entire Vietnam war cost over a 10 year period? You mean that "stimulus" that if implented was not going to allow the unemployment rate to exceed 8.1%? You mean that "stimulus" that along with other liberal spending has increased the deficit fourfold from where it was in the bad old boogy man Bush years? You mean that "stimulus" that has artificially somewhat propped up our economy; and now that market forces are not being allowed to do their thing and the "stimulus" funds have spent their wad we are heading for a double dip recession? You mean that "stimulus" that hasn't done squat but exasperate the worst recession since the great depression? You mean that "stimulus" that we effectively have nothing to show for but massive increased federal spending, deficit, and debt? Is that the same "stimulus"; that one? I just want to be sure that we're talking about the same thing...

Mark my words; we're heading for a double dip recession and hyperinflation; something we haven't seen since the good old days from when the last liberal President (Carter) and Congress had this much power. Remember those good old days? Double digit interest rates, hyperinflation, and high unemployment rates? Liberals have done this. I don't want to hear squat about how this is Bush's fault when the socialists have been exclusively running the show for the last year and half. And prior to that, they were the majority in Congress for two years.

And by the way; this administration and Congress push a lot more tax credits than they do tax cuts. Tax credits provide a temporary stimulating affect to the economy. But once they go away, so does the stimulating affect. Tax cuts on the other hand just keep on stimulating. The more we all have in our pockets, the more we can spend. The more WE spend, the more we drive the economy, (not government spending).

- 67GTO

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