On Wed, 23 Mar 2005 13:06:10 -0500, DSK wrote:

When one actually looks closely at the numbers, "the people who put more
in" got back such a disproportionate amount more that it is in no way
misleading to call President Bush's tax cuts "for the rich."


Dave Hall wrote:
There's nothing disproportionate about it. It's simple math dealing
with percentages. If you paid in $1000 in tax and got back 1% of it,
your tax cut amounted to $10. If you put in $100,000 in taxes, that 1%
cut amounted to $1000. The RATE remains the same.

That's absurd.

No, that's math. An albeit simple example, but math nonetheless.


Take a look at your tax rate booklet... preferably before April 15th...

Why? I received my refund several weeks ago.


You should check out what Greenspan *actually* has said about the
deficit and about Bush's SS plan. He is quite critical of both.


He was very positive about the tax cut.

Several years ago, yes. Most recently he condemned it and urged Congress
to address the revenue shortfall.


Hmmm.. A flip flop?

Yeah, that darn liberal Greenspan! He's probably a terrorist sympathizer!

No, but it does illustrate that not even he knows the future. What he
says today, may not necessarily be accurate a year or more down the
road.


...Or could it simply be an inability to predict the
future?

Or it could be that he's frustrated by the Bush Administration's
inability to carry out the positive aspects of their announced fiscal
plans. We all have to suffer from the negative aspects, no matter how
often Greenspan (and others) try to warn them.

Well that's certainly one way to look at it. I should not be
surprised, at this point, at the depth and determination that Bush
detractors will take to spin and paint everything he does in a bad
light, and highlight every piece of bad news we get as somehow his
fault.

Greenspan is a very astute individual who's quite skilled at his job.
But so are meteorologists. They are skilled at their jobs too. But
despite their years of training and skill, they still can't accurately
predict the weather more than a few days out. There are too many
unknowns. Greenspan is up against the same type of issues.


Dave