Quote:
Originally posted by Captain
I'd only add to this that somewhere the Government has decided that spending and taxing are only remotely and not directly related. Whether it was the late Keynesian advocacy for mammoth deficit spending or the Supplier-siders' theories that tax reductions would pay for themselves, the idea that you don't have to make both sides of the equation add up strikes me as blindingly, obviously wrong.
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And yet, the Bushites think that more tax cuts is the way to resolve this. And we have yet to see the Repubs using their complete control of the legislative process to bring spending in line with revenue. (Though I suppose any day now they will find the 400 billion dollars of waste, fraud and abuse they need to cut.)
