Tax Cuts and National Debt

What an ironic twist. The generation left with the be the generation to eliminate the debt.

What an ironic twist. The party that says it’s part of the solution, fiscal responsibility, and not the problem is more concerned about a tax cut than reducing the debt.

What an ironic twist. The party called bleeding hearts and tax-and-spend liberals wants to use the budget surplus for radical programs called Social Security, Medicare and education and wants to reduce debt sooner!

There should be no debate on this issue. Listen to the generation that did not create the debt but whose members have had this dark cloud hanging over their heads since high school economics class. Wake up, America, pay off the debt; end paying interest payments over $200 billion. Then the Republicans can give the entire surplus back as one enormous tax cut and make everyone happy! Now that’s an ironic twist.

MIKE MUHOVICH

Brea

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I do not support the GOP’s efforts to waste our projected budget surpluses on unnecessary tax cuts. All of us now paying taxes supposedly benefited from the obscene Reagan-Bush run-up in the national debt. I would prefer we pay off the national debt before cutting taxes.

Paying down the national debt now will reduce all future taxes and reduce the need for U.S. government bonds. Elimination of federal bonds would boost the market for future state and municipal bonds. If our economy should sour, we would be able to reborrow what we had paid down without raising our interest payment above what we have already been forced to become accustomed to.

PETER LINDEN

Alhambra

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I think it is wonderful that some would want their money spent on preserving Social Security and/or preserving Medicare and/or paying down the national debt (letter, Aug. 6). The U.S. Treasury gladly accepts gifts from citizens. That is what they can do with their refunds. I have other ideas of what to do with mine. I don’t need others deciding what is in my best self-interest.

PHIL CORWIN

Manhattan Beach