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There is actually fairly solid economic evidence that the "Bush tax-cuts" were extremely damaging to the economy precisely because the cuts were not made with c
by Osiris 16y ago
There is actually fairly solid economic evidence that the "Bush tax-cuts" were extremely damaging to the economy precisely because the cuts were not made with corresponding reductions in spending.
I find it interesting that the Republican party advertises itself as fiscally conservative while obeying none of the tenants of fiscal conservatism such as maintaining a balanced budget.
Keysian economics (use gov't spending to boost the economy out of recession) only works when there is a corresponding cut in spending after exiting the recession. In other words, over a period of time there can be deficits but only if replaced with equally large surpluses. A consistent state of deficit spending is unsound and unwise, to say the least.