Here's a novel idea that unfortunately even W hasn't embraced:
CUT SPENDING!!!
"compared with the $236 billion surplus when President Bush took office "
Total bull.
That was a PROJECTED (10 year) figure that went out the window with the dot.com bust.
Kerry should immediately adopt this sensible program and tout it at every opportunity. :)
Actually, we should bring back war bonds to pay for the war on terror. I'm sure quite a few people would buy them.
I'm tired of Leftists being so generous with my money.
Oh no, the nyt gets it wrong again. Neither candidate has any cred on this particular issue (nor does congress). The only hope is that Bush will start privatizing programs in term II (t2). Not holding my breath on that one, though. I'm voting for Bush because of the court appointments, not the economy.
Hey NYT: How about a tax on newspapers? Think of all the trees that could be saved, or replanted with all that extra revenue.
These leftist morons don't have a clue about increasing government revenue. They seem to grasp basic economics when it comes to their product, but go deaf, dumb and blind when it comes to taxes.
If government could be considered to have a "product" to sell, it would be "Taxable Income". How does a normal business increase its revenue? Decrease the unit sales price. For example, if Widgets Are Us sells 10,000 widgets for $1 they gross $10,000. If they reduce the sale price a mere 5% to $.95 (cents) they could sell 15,000 units (basic supply and demand you dumbass marxists), which results in gross income of $14,250 an increase of over 42%!
If government cuts tax rates total revenue will go up--not down, like the left's static analysis assumes. The truth of the matter is the left is not really concerned about eliminating deficits--they want to control our lives through the tax code. If you doubt this look back over the last 40 years they were in charge and see if you can find anything more than a feigned concern about deficits.
"...leader who restores the nation's fiscal health..."
You don't improve the fiscal health of a capitalist economy by taking more money from the public sector, whether it is used for new programs or paying down debt.
A family can earn it's way out of debt without increasing the pecentage of their income devoted to paying down debt as long as they keep stepping up the income ladder and control spending.
A strong capitalist economy will grow it's way out of debt as long as the polititians stop finding new ways to spend money faster than the GNP can go up.
Crippling the economy by socializing an entire sector like medical care is the path to ruin.
We have way too much debt for a socialised economy, just as a person on a fixed income has no business taking on further debt. But in an open market economy with low relative tax burden, the debt we carry is trivial.
What this article is suggesting would be like a medical student cutting back on the classes he is taking and getting a burger flipping job to decrease the accumulation of student loan debt.
The faster he gets out of school and starts making real money the better, and soon the debt will be an after-thought.
The sooner an economy gets itself out of recession the better. Cutting taxes and controlling is the real long term answer to "the nations fiscal health".
Why even read on past the "ill conceived tax cuts" line. It is a poorly conceived article.
Who wrote this communist trash?
Idiots! These are the people who create jobs and sign paychecks.
each candidate seems determined to push forward with an agenda that avoids asking Americans to pay for what the government provides.
Correct me if I am wrong but aren't those people in the lower brackets the ones consuming the vast majority of government services?
At least if we can keep the House, Kerry can't raise our taxes by executive order! He isn't King yet!