Posted on Sun, Jan. 25, 2004
Clinton: Bush's economic plans threaten U.S. growth
Associated Press
SUNRISE, Fla. - The United States will not continue its leadership in the world unless it grows economically, former President Clinton said Sunday, adding that President Bush's economic policies threaten expansion.
Pointing to the balanced budget he achieved during his administration, Clinton said it helped achieve "the longest economic expansion in history."
He said Bush's tax cuts are causing huge deficits and threatening the retirement benefits of average Americans. He warned the deficits would have to be repaid by today's children.
"They are giving me $87,000 in cut taxes from some middle-class guy's Social Security benefits and borrowed money," Clinton told a highly partisan crowd of about 2,000 who paid up to $250 to hear the former president. "This is crazy."
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http://www.miami.com/mld/miamiherald/news/breaking_news/7795510.htmThis is the same thing that Dean has said...others have now voiced the same that we can't keep these massive tax cuts and stay $$$ healthy.
What Dean does say it's a two step process...balance the budget with the these tax reversions...and then redo the "tax code" so that it's fair.
I can't say what it will be...but..Dean get's the fact that tax breaks for small business help them hire...raises in min wage are a must...reductions in health care or a new one is important. He gets it.
And anyone that is "touting tax cuts as thee way"...I don't trust them.