End of the semester and seniors look forward to graduating and getting a job. And I imagine some may even be excited about Bush's tax cut.

Sure, we'd all like to be paying less taxes next year. But what good are tax cuts if your job is not the one you wanted?

Tax cuts sound really nice, but do they really improve the economy? Many of our nation's jobs are directly paid for by tax dollars.

Do you want to be a teacher? Good luck. Schools around the country are dropping teachers faster than seniors are dropping their books.

Many of our jobs are also indirectly influenced by government spending -- jobs in engineering, research, medicine, social services. Meanwhile, corporations get slimmer -- fewer employees doing more work for less pay. The unemployment rate continues to rise.

And what happens when Bush cuts federal taxes but spends all our money in Iraq? Well, we all noticed it this year when we filled out our tax forms: Our state and local taxes go up.

So, maybe we can look forward to a nice happy equilibrium; the local tax increase will balance the federal tax decrease. But what does this mean? Two things: poor neighborhoods will get poorer, and rich neighborhoods will get richer; companies prefer to relocate to the places with low taxes, which means states will compete for business by lowering their rates. The final analysis: Alan Greenspan is right; Bush's plan is not good.