<OT> oh, my

[Alma J Wetzker]

Ken Moffat wrote:
> dep wrote:
> 
>> quoth Ken Moffat:
>> | We'll see if this is a real program or just another under funded vote
>> | getter. And will it be payed for with another tax cut?
>>
>> if it were, it would be very like the 1961 plan for going to the moon. 
>> kennedy both proposed it and cut taxes, which resulted in increased 
>> revenues, which financed it. the principle of price elasticity of 
>> demand does indeed apply to taxes.
>>  
>>
> 
> I hope so. Otherwise the ballooning budget deficit will have dire 
> consequences, yes?
> 
It depends on which economist you talk to.  Generally, you want to run a 
deficit during a recession to put more money in circulation.  You should make 
that up during boom times.  Basicly what we have been doing for the past 
decade or so.  (We just need a whole lot more boom times....)

     -- Alma

NOTE:  Politicians are exempt from standard rules of economics and all other 
standards of common sense during election years.