Talk:Pete Peterson

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2008-04-26T19:06:28 Mike (Talk | contribs | block) (SW: Peter G. Peterson)

Note from user
Dear Peter,

I just read some of your writings and noticed that in your anylization of deficits and national debt you do not write about the effect of lower taxes on growing the economy. Isn't a growing economy the thing that increases income to the government the most while increasing taxes kills a growing economy? If this is true then why is it not better to lower taxes to a percentage shown to be the most friendly to a growing economy and at the same time stop spending money on things that have driven fathers out of families and things that are wasteful. To me this is the goal of Republicans but it is very hard to undo the entitlements which drive deficits up and fathers out of families.

Ed Wilcox Oshkosh Wi.

The effect of lower taxes is not so obvious. They were very low during the great depression--did that work? What brought us out of the depression was deficit spending for WWII, and taxes were higher. It's mainly spending the stimulates the economy. But that does not mean we should tax and spend or borrow and spend. It means over-simple rules don't solve big problems.