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Old 11-06-2008   #371
JET
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Join Date: Oct 2003
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Re: I just want to take a quick poll...

Quote:
Originally Posted by john View Post
How can lowering taxes ever help a country which is trillions in debt and struggling to balance the budget? There is no proof that lower taxes means more spending, especially in a recession. People are more likely to save the money as they do not know how bad times are going to get. I know that I didn't do anything special when I recieved my stimulus check, did you?? It just went in my account and was used like normal. No increase in spending.
Now how about actually reading my post? I know you have taken economics classes, so you know lower taxes raise the amount of money in the economy. A stimulus check is not lower taxes. Lower taxes will always mean more money in the economy, whether the money is in a bank where they can use it for more loans or if it is spent. I said nothing about this being good for the country's budget. So if your stimulus check "went into your account and was used like normal", does that mean you spent the money and it went into the economy?
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