Thursday, May 11, 2006

MORE TAX CUTS?!?!?

Let me get this straight:

If the economy is booming, we need tax cuts. Presumably this is to cool off the economy, so it doesn't overheat or something.

BUT, if the economy is tanking, we also need tax cuts. (Look for the section entitled "A Slowing Economy" in the plan.)

So which is it? Have these people ever heard of the business cycle? Or do they really think the proper response to both boom and bust phases of the cycle is cutting taxes? Do they ever stop? Do they think there are any functions of government that ought to be paid for? Whom do they think should pay for them?

Whatever happend to countercyclical spending?

Whatever happened to fiscal conservatism?

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