| Dear Letters Editor: Clinton is two/thirds right when he proposes using two-thirds of the projected surplus to pay off the debt (8/5). Given the tenuous nature of the alleged surplus, Fed Chairman Alan Greenspan recommended doing nothing, but if Congress could not resist doing something with the surplus, a tax cut was a lessor evil than more spending. I'm surprised he didn't suggest the third option: allocate the entire surplus to pay off the debt. Sure the taxes rightfully belong to the tax payers. Sure the debt rightfully belongs to those who benefited from it, but they are retired and they obligated future generations to pay for their good time. This is a chance to mitigate the negative impact of the debt on subsequent generations. Even though I am 51, I believe continuing the Social Security/Medicare pyramid scam is the worst thing we could do with the surplus. Don't save the enslavement beast. Kill it. The only concern I have is perhaps Greenspan's. Once the debt is reduced, it will be easier to sell bonds and spend us back into debt. The only reason the Republicans support a tax cut, is because they know Clinton will veto it. They want to spend the money as bad as the Democrats to. Only the principled discipline of Libertarians could zero the debt and keep it that way. Sincerely, Bill Holmes, Vice Chair Antelope Valley Libertarian Party P.O. Box 3202 Quartz Hill, California 93586 http://synergy-enterprises.com/wth.html |
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