Cha-ching, Cha-ching, Cha-ching.

tax cut and spend republicans.

it's true. in a pretty much 180 degree shift from the classic conservative stance, giant deficits are now a worthwile and admirable way to run government.

Just a second. I thought liberals were the spendthrifts. At least that's what Bush said.

Fucking hypocritical, war monger, corporate cunts.

ahhh, it's just numbers, not real money or people or anything, just numbers.

Alan Greenspan's arguments in favor of a large national debt are just bizarre - "It's dangerous for the government to not have a debt and run a surplus, because it creates opportunities for investment that will necessarily be politicized." How is that somehow more dangerous than a precipitous loss in foreign investor confidence in US currency that prolonged and expanded deficits can cause?

From what I heard, Bush is planning on taxing business's medical insurance fund to it's employees to try and balance some of those tax cuts. That's right, Bush wants to make it more expensive for middle america to get medical insurance, thus hurting the already struggling medical industry with more price increases.

how in the fuck can investment opportunities be politicized anyway?

wait...don't answer that.

Ouch. When you start longing for "Contract With America" style economics, you know rock bottom is rapidly approaching.

that, or Libertarians start sounding sensible...

yeesh!

undoubtedly 99 percent of these cuts are for fucking corporations. I'm no economist but I bet we could put a HUGE dent in that debt if fucking Exxon, Coca Cola etc. paid their fucking share.

Well, a larger penis is supposed to be better than a smaller one, so I guess in the same vein, wouldn't a larger national deficit be better than a smaller one?
It only makes sense in these times of thoughtless global dick -waving.

The amount of taxation and debt really don't have much of a wealth effect overall, becuase people save the difference in anticipation of taxes later on (Ricardian Equivilence).

However, tax rates do have important substitution effects because of our tax structure. If you lower the tax rate, people are willing to work more than they would otherwise becuase they can keep more of thier money.

The amount of money that the government dumps in the ocean (spends) is the important number, because that represents real consumption. How the government finances that spending, through taxes or borrowing, is unimportant except for the substitution effects mentioned above. If you want economic growth, stop the government from SPENDING money, not borrowing it.

If deficits keep the government from being able to spend more money (by making congressmen deficit hawks), then I am all for them.

You'd think they'd get the concept of not spending more than you have...they are treating our government momney as if it was a credit card...charge a lot pay only and little bit and leave the rest for the kids when you die...bastards