Quote:
Originally posted by Sidd Finch
You're right! I was looking for the spending cuts that would reflect the fiscal prudence of the supply siders, but I think I must have left it under the Iraqi WMD.
On a serious note, if the supply-side theory is correct -- that tax cuts "pay for themselves" because of the economic growth they create -- then there is no need for spending cuts to control the deficit. The supply-siders sure act as if that conclusion is true.
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You really are going for "Cutest Poster of the Day" aren't you.
Huh? The paying for itself aspect (if, indeed, supply side theory even reaches that conclusion) means that there should be no revenue deficit purely as a result of the tax cuts. It does not mean that there isn't a need for spending prudence. If there was a deficit before the tax cuts, the tax cut is not a cure all.
