THE PUBLIC MIND: COME ON BILL CLINTON...TRUST FUND NOTION IS HOGWASH

An Open Letter to President Clinton:

Oh! Come on now! Just how naive do you think we are?

Your trust fund proposal is similar to President Bush's 1992 proposal, which all the liberal socialists ridiculed. What makes it more credible when presented by a ~lying, pot-smoking, draft-dodging, promise-breaking, tax and spend big g~overnment guy?

You say your "trust fund" would require every penny of new taxes and spending cuts to go into this trust and be used strictly for deficit reduction. Baloney! All congress has done over the years, you and it will do, also. Raise taxes and promise spending cuts (but never make them). Just check the past three tax increases under Reagan and Bush congress cut nothing, but increased spending after raising taxes.

More so.....the best government program around is the social security system (a non-entitlement program). All payroll taxes are put into a "trust fund" for paying of earned benefits - but where is the fund? Congress has taken every penny (50/60/70 billion) each year from the "trust" and put it in the general revenue to pay for their pet programs, pork-barrel programs, and entitlement programs (those from which people get money but have never paid into by premium, etc.).

A bankrupt treasury department has given IOU's (similar to worthless junk bonds which caused the S&L debacle) to the tune of several hundred billion of dollars to the Social Security Trust Fund and can in no way repay them.

You increase taxes on senior citizens' social security checks and deceptively call it a spending cut; you want to raise taxes and deviously call them contributions; and now you want to introduce a modified GOP program - previously criticized by you, academia, Democrats, etc. - to supposedly reduce the deficit.

More smoke and mirrors! Hogwash!

The administration is also instructing the FAA to spend less "trust funds," to let the White House Management and Budget director put current funds with general revenue to act as if it's reducing the deficit. They do~ the same thing with the Highway Trust Fund. What in the world makes you think we'll believe you selfish-interest bureaucratic socialists will do any different with another trust fund.

~~If you want to restore American greatness, cut taxes, reduce spending, get off the backs of business and private industry, cut out foreign aid, reduce the size and cost of running government, quit social experimentation with the military, eliminate practically all regulatory agencies and bureaucrats, heed the advice of the evangelical Christians, and just go back to playing the saxophone. Financially,it might be beneficial to you and everyone else just to put a leash and gag on Hillary.

From a 9-year VOLUNTEER veteran of WWII and Korea ...

Will Wade

Jackson