[PEN-L:32521] tax cuts/fiscal policy

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Why aren't the Democrats complaining about the tax cuts more loudly?  Are
they trying to ensure a crushing defeat in 2004?  There's going to be a
serious negative fiscal crunch this year.  California alone expects a $21
billion deficit -- assuming that the economy doesn't decline.  Congress is
going to be cutting all sorts of programs, leading states to pick up the
slack.  Cutting domestic programs while increasing spending for military
adventures is hardly likely to have a neutral effect.

 --
Michael Perelman
Economics Department California State University Chico,
CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx