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President Bush and Senator Kerry share a lot of common ground on economic policy

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posted on Oct, 14 2004 @ 05:25 PM
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On the road to the White House this year, President Bush and Senator Kerry share a lot of common ground on economic policy. Both candidates promise to cut the deficit in half by 2009. Both support an activist energy policy that relies on tax and spending subsidies.

And Ronald Reagan would cringe at the big spending policies that both candidates favor. President Bush increased spending on education, Medicare, and farm subsidies. Senator Kerry supports those policies. Despite the large budget deficit, both are on the campaign trail touting new spending programs ranging from health care to hydrogen fuel subsidies.

Nonetheless, there are key differences between Bush and Kerry. Bush cut income taxes in 2001 and 2003. Kerry opposed those cuts, but he now says that he supports middle-income tax cuts. Kerry would increase taxes on those earning over $200,000. But that would damage job creation because many high-income folks are small business entrepreneurs.

The starkest policy difference is on Social Security. The retirement program will go bankrupt in a few decades without reforms. President Bush wants to allow young workers to put some of their payroll taxes into personal investment accounts. Senator Kerry is dead set against the idea. He is telling campaign audiences that he will "never, never, never" allow Social Security personal accounts if elected.

That's a policy difference that young voters need to examine carefully.

www.cato.org...



posted on Oct, 14 2004 @ 05:29 PM
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"The Economic Policies of Bush and Kerry," by Chris Edwards.
"The 6.2 Percent Solution: A Plan for Reforming Social Security," by Michael Tanner.
"Kerry vs. Health Care," by Michael Cannon.
"Health Care Regulation: A $169 Billion Hidden Tax," by Christopher J. Conover.
"The Bush Betrayal," by David Boaz.
"President Bush Runs on a Pro-Trade Platform," by Daniel Griswold.
"Jobs, Jobs, Jobs," by Alan Reynolds.
"Energy Independence? Kerry's Dreaming," by Jerry Taylor.
"Drug Reimportation: The Free Market Solution," by Roger Pilon.
"Willing Workers: Fixing the Problem of Illegal Mexican Migration to the United States," by Daniel Griswold.

HeadlinesCato in the News
(Please note: some links require a free registration.)

David Boaz discusses the presidential debate on CNBC.
Robert A. Levy on the GOP's tobacco shakedown in the New York Post.
Neal McCluskey on education spending in The Baltimore Sun.
Christopher Preble and Subodh Atal on Pakistan's nuclear arsenal in the Chicago Sun-Times.
Roger Pilon on drug reimportation in The Wall Street Journal.
Patricia Adams addresses Iraqi debt on Marketplace.

www.cato.org...



posted on Oct, 14 2004 @ 05:32 PM
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This idea that Bush came up with was not his. It was from a collective think tank. If this 401k style SS would have been put together 40 years ago. Every American retiring today, would be millionairs.



posted on Oct, 14 2004 @ 05:39 PM
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Originally posted by snagltooth
This idea that Bush came up with was not his. It was from a collective think tank. If this 401k style SS would have been put together 40 years ago. Every American retiring today, would be millionairs.


oH YEAH.... YOUR RIGHT..

But god forbid American's take care of their own money...

That's just another thing the dems and reps just cannot let happen.

American's just can't figure out how to manage our money so that we could be millionaires by the time we retire...

If everybody who hated ssn voted for badnarik he could win this election you know.




 
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