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

To: Mr. Whist who wrote (50888)	10/23/2000 10:49:20 AM
From: jlallen	Read Replies (1) \| Respond to of 769667

Gee, I wonder who Ms. Hald is voting for? Wonder if she belongs to the NEA? JLA

To: Mr. Whist who wrote (50888)	10/23/2000 11:19:46 AM
From: PartyTime	Read Replies (3) \| Respond to of 769667

Boston Globe editorial excerpts, followed by my opinion: "....The upside for Gore is that, having given away far less than Bush, he can offer spending plans that do far more to tackle a range of needs--education and health care prominent among them, but also the military. Despite bush's jabs at weaknesses in the current armed forces, his projected budget increases for the Pentagon, limited by his big tax cut, are actually less than Gore's...." "....Bush's own tax and budget proposals fit generally with his embrace of 'limited government.' But the severely deep tax cuts create several problems for the economy. "One is that Bush does not have enough revenue to deal with many demands, including relieve the nation's enormous debt. Gore's plan, assuming economic forecasts hold, would wipe out the national debt by 2012. Bush's plan would actually reduce the rate at which the debt is being paid off. In addition to being unfair to the next generation, a continuing national debt tgends to push interest rates up, creating a hidden tax on homeowners and consumers--nearly everyone in the economy. "Another problem for Bush is that some of his assumptions and calculations are suspect. Paul Krugman of The New York Times, for instance, has pointed out several Bush errors, some of them large. One is his use of $400 billion in Medicare funds as part of his budget surplus estimate, even though this money should be segregated--a position taken by nearly everyone in Washington including the Republican leadership of Congress. "Yet another major problem for bush is the uncertainty of economic forecasts. His tax cut would leave little room for weathering a downturn in the economy, with the result that untimely tax increases might be required. "If anything, with the economy steaming along so successfully, a major tax cut would likely provide stimulation where none is needed, threatening to overheat markets. The situation brings to mind ronald Reagan's promise in 1980 to cut taxes and rebuild the military while eliminating budget deficits. he accomplished the first two, but deficits spurted out of control, with painful results. "With revenuy healthy, the government can and should return something to the taxpayers. Overall, Gore's approach is measured and sensible. Bush's intemperate tax cut proposal is a prescription for trouble." ********************** The Globe editorial, to me, makes sense. Think. Will the GOPside force American citizens, once again, to become lip-readers? I think, regardless of what the polls currently hint, when it comes to crunch time, standing in the ballot box, folks are gonna vote their pocketbooks, their wallets--particularly independently-registered voters. They'll think, at the ballot, that the nation is at work and that more monies are gained from a nation fully employed measured in the backdrop that the continual reduction of the nation's debt is a positive development and mainstay of the Gore tax program. Bush's artificial electioneering-type tax cuts, risky, unneeded and dangerous, will be harmful for our nation. That Bush never even considered a Rainy Day Fund, a reserve against bad economic times, shows how shallow his plan really is. Paying off the national debt is currently the third-highest government expenditure. Gore knows this; Bush does not.