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November 16, 2009

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Letter: Say goodbye to budget surpluses

Friday, Nov. 30, 2001 | 3:53 a.m.

The White House budget director has announced, to no one's surprise after Bush's big cash giveaway, that the federal budget will show a deficit until at least 2005. That follows four straight years of budget surpluses.

President Bush has also been harping since early in his presidential campaign that the Social Security fund is in serious trouble. What are the proposals being generated by the Republican Party to deal with these problems? Simple! Cut tax rates for corporations and the wealthiest Americans, rob the Social Security trust fund to pay for other federal programs, and provide a holiday from the payment of Social Security taxes.

Have President Bush or any of his Republican cronies ever heard of a discipline called basic economics? Perhaps they should look into it!

WALLACE J. HENKELMAN

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