Conservatives from Dwight Eisenhower to Barry Goldwater all opposed JFK's
tax cuts on the basis that they would cause deficits. Today's supposed
conservatives support any and every tax cut, no matter the consequences.
"They contended that deficits weren't immoral and could be manipulated
to boost economic performance."Funny that the writer only
mentions JFK. Dont we have more recent examples? Didn't
Reagan advocate deficit spending? Didn't deficits skyrocket under his
administration?Didn't Cheney claim that "deficits
don't matter"?Oh for the days of the Clinton deficits (or
surpluses)I guess, for those on the right, deficits only matter when
a democrat is in charge.For the record, I believe that the deficits,
will cripple this economy and this country.And it doesn't
matter if the deficits come from entitlement spending, tax cuts or military
spending.What folks need to realize is that both parties have VERY
dirty hands when it comes to deficits. And history has shown that the GOP is
equally, if not more guilty.
To go back that far and blame our economy problems on a president with the
shortest tenure of any president in over 100 years is ridiculous.
Samuelson may or may not be right, but one thing is clear from recent history.
The annual budget was balanced under Clinton, in large part due to a tax
increase he pushed through at great political expense to many, and the GOP
reversed those balanced budgets by pushing through large tax cuts and increasing
spending on two huge wars and a drug plan without paying fro them. The truth?
The GOP is the worst when it comes to balancing the budget.
If democrats don't get to blame bush anymore, can republicans still
blame...kennedy? I don't think so.
Keep sayin it Samuelson. Maybe eventually it will sink in. Deficits are
ruining this country's financial health. Standards of living are bound to
be lower in the future.