rc3.org

Strong opinions weakly held

rc3.org header image 1

Deficits as far as the eye can see

May 29th, 2003 · No Comments

Well, President Bush signed his tax cut yesterday. Hello, permanent deficit spending.

Update: a reader sent this important Jonathan Chiatt article on the dangers of deficit spending. Personally, I’m not an anti-deficit absolutist, but I think that slashing government revenue to give a payback to the rich at a time when many important government programs are already threatened we’re increasing military spending is foolhardy.