President's tax cuts should have been revenue neutral

With rising energy prices, double-digit inflation in health care, and increases in basic necessities on the horizon, the $150 billion tax cut that is being presented as a stimulus package will help out millions of Americans. But Americans need to understand that this tax cut will be put on the backs of our children and grandchildren.

The Democratic congress should have had the courage to repeal at least some of the tax cuts that were pushed through when President Bush first came into office to offset the cost of these tax cuts for working people.

The Federal deficit is currently $9.1 trillion, and is scheduled to grow through 2010. These tax cuts will increase the national debt by another $150 million. Although we see a potential short-term gain, what is the cost?

China is currently our government's largest creditor, holding nearly $1 trillion or 11% of the Federal debt.