Re: The letter "Where Did It Go?" (A-J, 1-31).
I am not an economist but the following makes sense to me. Part of the surplus went back to we, the taxpayers, who created it.
It was the taxpayers' money rightly returned. Surpluses should go down. Yes, it may have been spent by many for that new DVD. Taxes were paid on it, no?
More spending creates revenue to the government. If the cut in taxes leaves more to the people to spend, and gives more revenue to the government, it makes sense to me.
Also, it is not unprecedented. Kennedy's tax cut, in its day, was actually larger and was implemented earlier than Bush's tax cut. It was economically (and morally) right then to cut taxes; and it is now.
I say again: It is not government money. It is the people's money.
HOPE ANDERSON,Rt. 4, New HomeVia e-mail