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Posted by on Dec 27, 2005 in At TMV | 1 comment

No More Tax Cuts

Those aren’t my words. They’re the words of one of the lead economists in Washington…and thereby the world…

From the NY Times:

As director of the Congressional Budget Office, Douglas Holtz-Eakin has been Congress’s top economist, handpicked by the Republican leadership. Recently, he had some advice for lawmakers – mostly Republicans – who insist that more tax cuts will foster economic growth and raise tax revenue: “Don’t even think about it.”

The occasion was the release of the agency’s long-term outlook, which shows huge unending deficits. “You can’t grow yourself out of this problem,” said Mr. Holtz-Eakin. “It’s just too big.”

Still believe in the miracle of supply-side economics? Still believe what John Snow believes?

I certainly don’t. But hey…that’s just me.

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  • bacci40

    Bush has done what his father and reagan failed to do.

    He has set the table for the destruction of every new deal and great society program ever created.

    Kudos….what a wonderful world it will be.

    Oh well, america gets what it deserves.

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