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Subject: "The political genius of supply-side economics"

Posted by: Levin on Mon Jul 26 2010 9:18:31 PM

Message:

"So, when Republicans assail the deficits under President Obama, are
they to be taken seriously? Yes and no. Yes, they are politically
interested in blaming Mr Obama for deficits, since all is viewed fair
in love and partisan politics. And yes, they are, indeed, rhetorically
opposed to deficits created by extra spending (although that did not
prevent them from enacting the unfunded prescription drug benefit,
under President Bush). But no, it is not deficits themselves that
worry Republicans, but rather how they are caused: deficits caused by
tax cuts are fine; but spending increases brought in by Democrats are
diabolical, unless on the military."

From the Financial Times

Current Thread:

"The political genius of supply-side economics" -- Levin Mon Jul 26 2010 9:18:31 PM

Unfortunately, a lot of that is true... -- bugboy Tue Jul 27 2010 5:30:16 PM

I'm shocked but good post ** -- dawggonit Tue Jul 27 2010 6:44:48 PM

Tax cuts don't cause deficits, borrowing and spending does. -- SemperFidog Tue Jul 27 2010 10:12:38 AM

So do tax cuts and spending... ** -- dawggonit Tue Jul 27 2010 10:15:44 AM

Nope. Nothing about a tax cut "causes" a deficit. -- SemperFidog Tue Jul 27 2010 10:26:45 AM

Re: In practice, neither party is going to "cut spending" -- dawg_o_rama Tue Jul 27 2010 10:47:24 AM

No shock I'm sure, but I'm registered as a pub. -- SemperFidog Tue Jul 27 2010 11:26:23 AM

Sadly I agree Semp... -- gulfportdawg Tue Jul 27 2010 1:56:41 PM

Indeed ** -- dawggonit Tue Jul 27 2010 8:49:11 AM

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