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

To: Sedohr Nod who wrote (365804)	3/3/2003 9:26:34 PM
From: American Spirit	Read Replies (2) \| Respond to of 769667

In the 70's tax rates were high partly because we were paying off the Vietnam War and coming out of hard-times and malaise in the post-Watergate era. Reagan slashed taxes but also left us with very large deficits. Where were some excesses in government he cut but now no one in the White House knows were to cut the budget. They are raising it in fact, while cutting taxes. Doesn't make common sense. Bush will leave us with all-time record deficits to the moon unless we slow him down and stop him. Trillions. This is no partisan viewpoint, this is serious fact. The point is, tax cuts are great in a surplus economy, if correctly targeted and fiscally responsible. If not, they hurt the economy more than they help it. Now is such a case. Bush's tax cuts are way too big and targeted at the rich and supply side. It's the demand side which needs the cash. Right now consumers just aren't buying much of anything. Nobody does well in that environment. But Bush doesn't get it. he thinks he's Reagan II, but he isn't. That was then, this is now. Two different times.