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.
Deficits as far as the eye can see
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.
Commentary
Previous post
Clearing up murky Iraq questionsNext post
Christopher Hitchens and George Orwell