Yo - my "supply side" friends! I hope you're deliriously happy ...
"Republicans stand for "fiscal conservatism", meaning they believe in smaller government and balancing the books. At least, that's what they say. The underlying reality is far different. Bush has yet to balance a budget. In fact, he has yet to come close to balancing a budget. In fact, Bush has yet to even get moderately close to maybe possibly balancing the books one day."
"First, Bush has cut taxes twice -- once in 2001 and once in 2003. Working off the standard "supply-side" economic theory he thought this would create a huge wave of tax revenues. The problem is it didn't."
from Hal Stewart.
Check the charts while you're at it. One picture is worth 1,000 words.
Stewart: The Republicans are spending social security money now, hoping no one will notice. And so far they're getting away with it. But intra-governmental debt is still debt. It has a legal priority claim on government revenue and must eventually be paid."
Got a problem with that? Write your "borrow-'til-you're-blue" Republican congressman. It seems Republicans have never seen a buck they didn't want to borrow!
No comments:
Post a Comment