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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (44635)	8/3/2010 7:34:49 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "Tax cuts are not something that is unaffordable." Oh, OF COURSE they are completely affordable! Just so long as one CUTS SPENDING to make up for whatever revenue will be lost (even after assuming dynamical "Laffer curve" effects partially replace some of that statically lost revenue) SO THAT you are not just expanding the deficit and BORROWING THE DIFFERENCE (thus adding interest costs to a climbing debt pile). That is exactly the mistake that Bush II made --- 'pedal-to-the-metal' on spending at the same time he reduced some taxes --- (in practical terms: eating the dessert without any vegetables ever...) --- and by mid-decade that mistake cost the economy all of the benefits that the lowered rates had originally produced (exactly as all the economic analysis, even Bush's own analysis, had predicted at the beginning of the decade when the tax cuts were being proposed). But this line of snake oil from the likes of Cheney (and now McConnell and some other liars) that "DEFICITS DON'T MATTER" is surely one of the most pernicious lies ever told to the American people.