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From: tw8023@pyuxii.UUCP (T Wheeler)
Newsgroups: net.politics
Subject: Re: Supply-side Economics: the  Savings Rate
Message-ID: <264@pyuxii.UUCP>
Date: Thu, 31-Oct-85 08:03:35 EST
Article-I.D.: pyuxii.264
Posted: Thu Oct 31 08:03:35 1985
Date-Received: Fri, 1-Nov-85 21:59:56 EST
References: <1475@teddy.UUCP> <7800591@inmet.UUCP>, <756@whuxl.UUCP>
Organization: Bell Communications Research, Piscataway N.J.
Lines: 16

The great theorist explains all again.  Phooey, Sevener, you
seem to have Tip O'neil's party line rhetoric down pat.
First, supply side economics DOES depend on consumer spending,
not the savings rate.  Second, when are you going to admit
that social spending far outweighs military spending?  Who
has consistently pushed greater and greater social spending?
The House of Representatives, that's who.  Who controls the
House.  Tip O'spendit, that's who.  I don't know about some
folks, but over the past four years, I have been making
more, spending more, and saving more percentagewise than
ever before.  Perhaps it could be that I tore up those
damn credit cards and can now spend real money.  I have
a feeling that if more people did the same, they would be
in better shape too.
T. C. Wheeler