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November 30, 2009

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Letter: Huge debt marks sad day in U.S.

Monday, May 12, 2003 | 9:30 a.m.

Another way of looking at the Republicans' $550 billion tax cut, stacked on top of their $1.3 trillion cut passed in 2001, is that the Treasury will not be getting $1.85 trillion.

For those Americans who enjoyed seeing the budget surpluses during the Clinton years, and the real promise of the United States getting out of debt, that dream is over. Because of these tax cuts, the United States will be operating in ever-increasing deficits, and the national debt will be monumental.

We will also see sharply reduced spending for health care, schools, law enforcement, transportation and other needed programs. It's a sad day for America.

RICHARD J. MUNDY

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