Robert S. McIntyre:
"My friend and adversary Bruce Bartlett of the rabidly anti-tax National Center for Policy Analysis was tapped by Philadelphia public radio to defend President Bush's enacted and proposed tax cuts. Bartlett spoke glowingly about the tax cuts' sharp tilt in favor of the wealthy, and admitted that they're being financed entirely by borrowing. But that's no problem, he reassured listeners, because budget deficits don't really matter. [They don't when the ultimate goal is to destroy the effectiveness of government to provide services to the public.] Complaints about Bush leaving a crushing debt burden on our children are 'not correct,' Bartlett argued, because our children can just pass the debt on to their kids, who will pass it on to their kids, etc., etc., etc. 'We'll simply pass this on forever,' he said.
"Before you dismiss Bartlett's deficit theories as the irrelevant ravings of an oddball, you should know that he's an influential figure with the Bush administration..."
Link is here.
I disagree this is a revival of the Reagan/Bush I "voodoo economics." It's more like "doo-doo economics," in which the entire economy turns to shit in order to give more handouts to those who don't need the money.
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