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The President and Congress control fiscal policy, and when fiscal policy is changed the effects are felt immediately. When Bush passed his tax cuts we all got money pretty quickly. The impact of that money was felt immediately, it will not show up in statistics 6 years from now. [ ...reply adjunct just to this | adjunct comment adjunct on the story... | next new ] 102. A preview of year 12 of the "Clinton Recession" by Akio at Thu 1 Sep 6:54amscore of 1 in reply to comment 99 When Bush passed his tax cuts we all got money pretty quickly. The impact of that money was felt immediately, it will not show up in statistics 6 years from now. You're saying that increases in personal taxes and decreases in corporate taxes over the past 6 years have no effect on current economic output? And 6 years from now, what effect will current deficit spending have?
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