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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (530250)	11/19/2009 10:49:49 PM
From: TimF	4 Recommendations Read Replies (1) of 1574483

"Supply side economics" != Support for perpetual tax cuts (meaning cutting, then cutting again, and again, which would eventually lead to zero taxes (well if you cut at a declining rate you could asymptotically approach zero and never reach it, but that's not going to happen in real real world) "Supply side economics" != belief that tax cuts always "pay for themselves", or even that they normally increase revenue in the short or mid term (and tax policy doesn't remain unchanged for the long term). The caricature of it that's often paraded around to attack by those who like high taxes or think spending is free "because its recycled back in to the economy" is mostly fiction, but not the real thing.

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