This gave comfort to today’s taxpayers who chose not to charge themselves for the wars in Afghanistan and Iraq, the new Medicare drug benefit and the quarter-billion-dollar bridge to nowhere.
Well Economic Illiteracy strikes again. I know this comes as a big surprise to the brain dead Left, but Economics is NOT a Zero sum game. If we charge less taxes, we do NOT take in less income. The cost of the tax cuts was MORE then offset by the increase in revenues. For the 1st time since the 1980s, we have had 10 consecutive quarters of more then 3% GDP growth. The Govt is collecting PLEANY of revenue. The problem is NOT we tax too much, it is that we SPEND too much. There is NO reason why domestic spending in a period of almost nonexistent inflation should increase in double digits EVERY year. We simply MUST go back to the 1994 Pay-As-You-Go budget rules. Both sides in Congress have demonstrated clearly a complete gutlessness when it comes to imposing fiscal accountability on the Federal Bureaucracy.
I wish just ONE time one of this self important morons who write this crap would bother to take a couple of Econ classes before they go out spewing their hyper stupid nonsense.
"I wish just ONE time one of this self important morons who write this crap would bother to take a couple of Econ classes before they go out spewing their hyper stupid nonsense."
Maybe this uber liberal could take econ lessons from Herr Krugman!
Naah, that wouldn't help. Both are uber liberals who hate America and real capitalism. They love socialism and would love to be the facists in charge of the socialism and people.