Elder: Increasing minimum wages, as Kerry wants to do, makes it more difficult for an unskilled, uneducated worker to find a job. Price controls on pharmaceuticals discourage drug companies from spending money on research and development to come up with new drugs. Economics 101.
M.F.: I feel that Bush blurs the lines of church and state, in regard to his proposed "marriage amendment." Do we really need this?
Elder: President Clinton signed the Defense of Marriage Act, which allows the federal government or any state to reject same-sex marriage. Did you accuse Clinton, too, of "playing politics"? None of the major Democratic presidential candidates supports same-sex marriage.
M.F.: I really don't want to live by Bush's born-again standards of what is and isn't decent for me.
Elder: Sen. Joseph Lieberman, D-Conn., suggested that the TV show "Friends" -- given its raciness -- should only be shown in movie theaters. And remember the concern about kids and drugs? Former President Bill Clinton actually compensated Hollywood for inserting -- without telling the viewer -- anti-drug messages into the content of television programs.
M.F.: While many of Bush's economic policies have helped this recession, he has built a gargantuan deficit.
Elder: "Gargantuan"? Look at the deficit as a percentage of the Gross Domestic Product. With the 2004 deficit at less than 3 percent of GDP, the "Bush deficit" ranks lower than deficits under Truman, Ford, Reagan and the first President Bush. In fact, it's ranked 21st highest since 1940 -- with the top five occurring under Democratic presidents. Why do we have a deficit? Bush inherited a recession, which reduced tax revenue. Add in the cost of the war in Afghanistan, war in Iraq, war on terror and increased expense for homeland security. Yes, the Bush budget increased non-defense discretionary spending, but the president spent money on social programs favored by the Democrats. In fact, Democrats complain that programs like Bush's "No Child Left Behind" need more funding. Democratic presidential candidate John Kerry wants to nationalize health care, raise minimum wages, "invest" in education and provide more money for retraining workers. Such a program leads to smaller deficits?
Most economists believe Bush's tax cuts stimulated the economy, making the recession short and shallow. Even if Congress repealed the tax cuts, the "lost revenue" would not close the deficit. John F. Kennedy understood this: "The purpose of cutting taxes now is not to incur a budgetary deficit, but to achieve the more prosperous expanding economy which will bring a budgetary surplus."
Hope this helps.