Re: “A bell-ringer in New Jersey,” Oct. 5 George F. Will column.
Promoting the candidacy of Jeff Bell, a supply-side apostle who “helped implement Reagan’s economic policies” and is running for a U.S. Senate seat in New Jersey, George F. Will touts the benefits of Reaganomics “that produced five quarters of 7 percent growth and six years averaging 4.6 percent.” Cutting taxes and living on credit did indeed produce some short-term prosperity, no different from the prosperity you can expect from living it up while loading up your credit card. Will doesn’t tell you that those Reagan tax cuts which were the keystone of his economic policy also produced systemic deficits that tripled the nation’s debt during his eight years in office. And now Will is cheering for Bell in New Jersey, a state whose finances were so damaged by tax cuts that its credit rating has been downgraded not once, but twice, this year alone?
Mike Pisano, Littleton
This letter was published in the Oct. 13 edition.
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