Saturday, April 05, 2003

I've been cutting down on the blogging lately. I don't really like to play arm chair general and so have decided not to comment on most of the war. However, I still feel like playing InstaExpert on domestic policy. You may have noticed that Bush is still pushing for a new tax cut, peddling the tried and true supply side nonsense. The supply siders claim that tax cut pay for themselves and have lobbied for years to get the Congressional Budget office to use "dynamic scoring" when calculating tax cuts, so that the deficit predictions reflect the "stimulative" effects of tax cuts. The wing nuts finally got their wish, but even when they cook the books with dynamic scoring it turns out that the tax cut still produces a deficit. Of course, it would be foolish to expect them to change their rhetoric in the face of such strong evidence that they are wrong. Oh well, there they go again.

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