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Sunday, September 14, 2003  

Dizzying Dive to Red Ink Poses Stark Choices for Washington | NY Times

"Mr. Bush had campaigned on the promise of returning the surplus in the form of a big tax cut, and Democrats disagreed only on the size and distribution of the cut, preferring to direct more to middle-class taxpayers. (Democrats proposed a tax cut of $750 billion that year.) The budget had been balanced in the late 1990's using a combination of spending controls and higher taxes on the wealthy. But by 2001, the controls had expired and seemed unnecessary. Mr. Bush's election, giving Republicans control of both Congress and the White House, broke a stalemate that had long prevented the adoption of major tax legislation."

Choices? Did someone say choices? I wonder how many times a day Al Gore says to himself, "I told you."

Debate Transcripts: 2000 Debates, Gore: "Now, here is how that connects with all the rest of what we've been talking about. If you have -- if you squander the surplus on a huge tax cut that goes mostly to those at the top, then you can't make education the top priority. If the tax cut is your number one, two, three and four priority, you can't do education. You can't do both. You have to choose. I choose education and health care, the environment and retirement security, and I ask for your support. "

posted by RJ | Link | 12:02 PM
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