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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (37098)	9/15/2000 11:25:16 AM
From: Neocon	Respond to of 769667

Great piece! I especially like this: The mainstay of the Gore-Lieberman Plan is debt reduction. Debt-free at last is acquiring a life of its own, touted as ``critical for growing prosperity'' when the empirical evidence on the relationship between the two is poor. ``The wisdom of eliminating the entire debt when for almost its entire history the U.S. had debt is questionable,'' says June O'Neill, former director of the Congressional Budget Office and currently director of the Center of Business and Government at Baruch College. ``Against what are we measuring the sacrifice?'' Paying down the debt, or keeping interest rates low, which is viewed as an offshoot of debt reduction, figures prominently in eight of the 10 goals of the Gore plan, in addition to being a goal in itself. It merits a bullet point for the goals of saving Social Security and Medicare, increasing savings and productivity growth, raising incomes, facilitating home ownership and college attendance, reducing the tax burden and poverty, and creating new jobs.