Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.
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Thursday, July 14, 2005
Continued debunking of supply-side economics
My favorite progressive economist has some follow up on Tuesday's topic - the smaller 2005 deficit that the Bush administration says is due to Bush's tax cuts in 2001 and 2003. Most of you probably won't take the time to read the posts, but basically they show that while the deficit is indeed smaller in 2005 than projected, it would be even smaller still if the Bush tax cuts were never enacted. The cuts have actually caused this to be one of the slowest recession recoveries on record.