Going for Broke

Krugman, Paul
May 2001
New Republic;05/21/2001, Vol. 224 Issue 21, p19
Focuses on the tax plan, that intends to cut tax, submitted by United States President George W. Bush. Criticism of the tax plan since it is not based on accurate data; Discussion on the loopholes in the plan; View that the projections relating to the effects of tax-cut on economy is inaccurate; Discussion on the current policy for government spending; Deliberation on the effect of the proposed tax-cuts on the budget surplus; View that The government should avoid moving tax rates up and down over time; View that the U.S. needs to save a sizable amount of budget surplus for the welfare programs; Deliberation on U.S. President George W. Bush's plan to privatize Social Security system including Medicare; View that Bush has failed to take into account the interest cost in his plan; Opinion that Bush's attempt to mobilize public opinion in his plan's favor is based on false propaganda.


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