Tax policy becomes nearly irrelevant when you waste billions if not trillions of dollars that the country doesn’t have on big government foreign and domestic policy. claiming that the neos are somehow fiscally responsible because they favor tax cuts yet massive spending is like claiming to be fiscally responsible because you buy a brand new Ferrari and then say “Well, I bought off the dollar menu on the way over.”
[Mr. Kristol] championed a steady focus on economic growth that gives "modern democracies their legitimacy and durability" but cautioned against running deficits. [emphasis added]
Deficit spending *is* tax policy. It is, however, a tax deferred to a future generation, whether paid directly through tax receipts or indirectly through inflation and monetization of the debt.
There is no such thing as a free lunch.