Quote:
Originally Posted by Cletus Miller
Note that Ty then gets attacked for toeing the far left line. Is Mitch going to be attacked for being a lefty?
It is not wholly indefensible to assert that, had tax revenue projections properly forecast the post-dotcom bubble collapse, the Bush cuts would not have been as large and/or taken the same shape.
I don't believe that is true, but it's not pure fantasy like claiming that the Bush cuts paid for themselves and/or increased tax revenue over baseline. Or that we can balance the budget without tax increases or any cuts to Medicare, Medicaid, Social Security, defense, homeland security, veterans’ benefits, and interest on the debt.
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What revenue projections are you talking about? By the time of the Bush tax cuts, the projections had either changed dramatically from a year or two earlier, or only an idiot would have relied on them.
