Economy Could Use a Democrat

RECEIVED Mon., Aug. 25, 2003

To the editors of The Austin Chronicle,
    Bush's tax cuts, by most economists' estimations, will do little to help the economy. Tax cuts typically have a small effect in the year that they are passed, and then have even less effect the years after. Bush's tax cuts, which he claimed would help the economy in the short term, are phased in over the next 10 years and skew the target toward the wealthiest.
    Meanwhile, 8.6 million Americans are out of a job, and the Office of Management and Budget projects a $455 billion budget deficit this year. States are suffering the worst budgetary crisis in recent memory.
    Remember a few years ago when we were running a surplus budget under a Democrat? Under Clinton, we gained an average of 239,000 jobs per month.
    Let's bring back the days of fiscal responsibility!
David Parr
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