The money has to come from somewhere. You can’t simply “cut taxes in the face of huge deficits”:http://www.philly.com/mld/inquirer/news/editorial/14695544.htm and expect no consequences. With the “ridiculousness of the Laffer curve”:http://en.wikipedia.org/wiki/Laffer_curve (or Bush’s implementation of it) being exposed every day and “record profits”:http://www.mercurynews.com/mld/mercurynews/business/14697409.htm&cid=1106753114&sig2=zbwt5vlhdMU7IGZMZcJ_Pw at oil companies, you’d expect some less mind-bogglingly stupid deficit reduction strategy. But no. [...]
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