Remember Porkbusters? And all the budget cuts that were passed through congress recently?
Well guess what, now they are cutting TAXES! What a GREAT IDEA! Why didn't WE think of that. I mean it makes perfect sense, if you cut back on how much you are spending that you cut back on how much you take in, right? Especially when you're already spending on a huge deficit.
I had to read this article (thanks mark) twice to make sure it said what I thought it said.
Maybe we need to get some non rich people into congress that understand what a budget is, and how it is supposed to balance, and how when you have a debt you should be paying it off, not making it bigger.
I'm going to go shopping on my credit card now, I've got at least a grand left before it maxes out, after reading that, I need new shoes. And maybe some jewlery.
Update: Brendan Nyhan debunks an editorial in the WSJ claiming that the tax cuts will generate revenue.