Monday, January 3, 2011

Republicans; if tax cuts create bigger deficits, cut spending. Does that make sense to you?


The idea is a simple one, as explained by Ezra Klein:
“In the House, the rules are being changed to make increasing the deficit through tax cuts easier, and decreasing the deficit through tax increases harder.”
So if the Republicans make things economically worse with tax cuts, they can continue to complain about government spending, while never having to solve the problem or be accountable.  Put another way:
According to the new regulations, tax increases can no longer offset new spending and tax cuts no longer have to be offset by spending cuts or tax increases elsewhere.
This could easily be called the “straightjacket solution.” The end result may not be desirable, but this is what the American people voted for supposedly, and we all will have to live with the results for many years to come. 

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