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ther deficits. We've been there] and done that- with what] Bush Senior called Reagan's] Voodoo economics. 1
The most prudent course of] action in good times such asi we enjoy now would be to pay! down the deficit, thereby] reducing our interest obliga-] tions and enabling us to cope] with future downturns in the] economy, should they occur. A] tax cut would be more appro-] priate as an economic stimu-1 lus during recession.
In his painstaking analysis of the nuts and bolts of the Bush plan, which he undertook with the obvious intent of showing how it "won" over Gore’s targeted tax cut, Mr. Longyear seems to have missed the target altogether.
I turn once more to a reading from The Way of Chuang Tzu- my Parthian shot:
"When an archer is shooting for nothing, he has all his skill."
"If he shoots for a brass buckle, he is already nervous."
"If he shoots for a prize of gold, he goes blind, or sees two targets- he is out of his mind!"
"His skill has not changed, but the prize divides him. He cares. He thinks more of winning than of shooting- and the need to win drains him of power." ;
If Chuang Tzu were alive today, he would surely tell Mr. Longyear, "Do not try so hard to win. In considering any new policy, you must view all aspects objectively, and tak6 into account both near term and long term consequences. Only then will you hit the target."
Lee Bird
Washington
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