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MUFSON: Show U.S. The Money
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Show U.S. The Money

There Are 87 Billion Reasons to Revisit Those Tax Cuts, Mr. President
By Steven Mufson
Sunday, September 14, 2003; Page B01

Imagine an army massing directly in front of you. Your own forces are having some supply line problems. And enemies are hiding on either side, waiting to ambush you. So what do you do? Dismantle your own arsenal?

If you're talking about the fiscal battles the United States is facing, and if you're the Bush administration, the answer seems to be: Yes. Call it fiscal disarmament. In its first two years, the Bush administration -- faced with a swelling army of retirees, unknown costs of lurking national security dangers and challenges to its supply of tax revenues because of fixes needed with the alternate minimum tax -- chose to surrender some of the fiscal weapons at its disposal through massive tax cuts.

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