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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (25913)2/9/2008 5:07:06 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "You quoted other people expressing it and then defended the quoted idea." [You claiming that I'd said: Tax cuts have done more economic harm than good.]

No.

I did NEITHER.

Not even once. (Not in *any* post.)

You must have misread my words, Tim.

In fact, I said EXACTLY THE OPPOSITE of what you claim!

I said: "TAX CUTS GOOD." :-)

Here is where I restated it in the simplest of terms:

AS I EXPLAINED (for what seems like a dozen times or so now... :-) that was the conclusion of OMB, CBO, and Trend Macrolytics, (back when they were asked to model the economics of the tax and budget changes Bush was proposing).

In short... what ALL THREE efforts said was:

1) Lower taxes GOOD. (Increase economic performance of the US economy.) but,

2) Federal Deficits BAD. (Lower economic performance level of the American economy).

What all three projected was that UNLESS FEDERAL SPENDING WAS REDUCED that *all measurable benefits* from the proposed tax changes would be washed out by the counter-trend of harm from continued significant deficit spending. ('Washed-out' by around 'mid decade' or so... which I believe has come to pass.)

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