Posting Towards Gomorrah

[Spanky]

Another way of looking at it is the deficits are only bad if they hamper growth. If they don't hamper growth then there is nothing wrong with them. So if the tax cut brings growth, why care about the deficit? Once you have admitted that the Bush tax cut brought growth (and did not hamper growth) from an economic perspective you have admitted that they were a good thing. Both you and Gattigap admitted that the Bush tax cuts brought growth, so that means both of you are arguing that the Bush tax cuts were good. You don't understand that because both of you do not understand the importance of growth.

Once you admit that the Bush tax cuts brought growth, now the only issue is does their continued existence help bring more growth or less growth? The Kenysians would want the tax cuts to come to an end (the crowding out would overwhelm the stimulus), where the Supply Siders would argue that they should stay (the stimulus would still out do the crowding out).

It is a very small minority of economists that think that the tax cuts did not bring more growth and were therefore bad.