Bob Graham on Budget & Economy
FL Sr Senator (retiring 2004); Democratic Primary Candidate for President
A: Fiscal responsibility starts by rescinding those parts of the Bush tax cuts for the wealthiest which have not gone into effect. We need those resources to protect and ensure that Social Security and Medicare will be sustainable for our future generations. We need those resources to invest in health care reform, provide affordable housing, after-school programs, job training and so many other investments that will help America's economy prosper in the long-term.
GRAHAM: I made that choice because I think it's reckless and irresponsible at a time of rising deficits, at a time that we're at war with uncertain cost of completing war and then completing the occupation and renewal of Iraq to be talking about cutting $1.2 trillion from the federal budget. And that was what Senator Hollings's amendment eliminated.
Dear President-Elect Bush,
Members of the Senate New Democrat Coalition and the House New Democrat Coalition are interested in working with you to develop a responsible fiscal policy. We are proud of our records of fiscal discipline that have helped to produce the unprecedented surpluses for our country. We believe that continuing to use part of the surplus to pay down our national debt is a moral obligation that we owe to future generations. As New Democrats, we believe that a delicate balance can be struck between maintaining fiscal discipline, paying down our national debt, responding to the publicís understandable desire for common-sense tax relief and making important investments in our future. We are convinced that your stated goal of providing an excessive tax cut will lead to less debt reduction. This in turn would lead to higher interest rates resulting in lower capital investment and productivity growth and ultimately a lower standard of living for all Americans. We are ready, however, to work with you on a smaller package of tax cuts designed specifically to stimulate our slowing economy in the short run while protecting Social Security and Medicare. In the longer term we are eager to work with you on a policy that encourages individual savings and investment, invests in college education tax credits, promotes research and development and bridges the technology gap that exists in our country today.
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George W. Bush
Third Party Candidates:
Carol Moseley Braun
|Adv: Avi Green for State Rep Middlesex 26, Somerville & Cambridge Massachusetts|