Tuesday, April 13, 2004

Economic Illiteracy Prevails

Poll: Balanced Budget Beats Tax Cuts
By WILL LESTER, Associated Press Writer

WASHINGTON - By almost a 2-1 margin, Americans prefer balancing the nation's budget to cutting taxes, according to an Associated Press poll, even though many believe their overall tax burden has risen despite tax cuts over the past three years.

About six in 10, 61 percent, chose balancing the budget while 36 percent chose tax cuts when they were asked which was more important, according to a poll conducted for the AP by Ipsos Public Affairs.

If you want a balanced budget, hold spending steady or cut it gradually. If you want a recession and slow economic growth, raise tax rates.