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

To: Kenneth E. Phillipps who wrote (458505)	9/13/2003 10:40:07 PM
From: Peter O'Brien	Read Replies (1) \| Respond to of 769670

I don't "want" a fiscal crises. I would prefer that the government cut spending to go along with reduced taxes. But, if they are not going to cut spending, then I think we should still have the tax cuts to pressure the government into cutting spending. I think it is in the long-term best interest of our country to reduce taxes. Actually, Krugman made a few points with which I can agree. He said that the "New Deal" and the "Great Society" programs would need to be cut drastically (by about 40%) to balance the budget. That sounds about right to me. Krugman ended the article by asking "what type of country do we want"? That is precisely the question. However, Krugman displays his personal bias by the title of the article itself, i.e., "Tax-Cut Con". He could just as easily have titled the article "The New Deal Con" or "The Great Society Con". I personally believe that either one of those two titles is closer to the truth.

To: Kenneth E. Phillipps who wrote (458505)	9/13/2003 11:01:20 PM
From: Peter O'Brien	Respond to of 769670

Another interesting point that Krugman makes regarding the Bush tax cuts is: "We would have faced a serious fiscal problem even if those tax cuts had never happened". So, Krugman himself admits this! I believe this is even more evidence in my favor, i.e., that it is the spending promises made by politicians that are actually the "con". Whatever the level of taxation, our politicians will buy votes by promising even more benefits than can be afforded. That is why I believe that tax increases will NOT help our country in the long-run.