Here and There

I’ve read the stories. I’ve seen the speeches (okay, not really, but maybe I saw a clip on the Daily Show or something). George W. Bush has been parading around pointing to increased revenue for the federal government, and claiming his beloved tax cuts are responsible.

I didn’t want to give him this one, but I’ve been too preoccupied to look into any further.

Luckily for me, economists at the American Enterprise Institute, the Congressional Budget Office, and the U.S. Treasury Department bothered to poke around. And here’s what they found.

Not necessarily an out-and-out refutation, but definitely a correction (if Bush were a newspaper, a funny enough thought, he’d have to admit the mistake). And if the above-linked story from the Washington Post had legs, it would take the wind out of the president’s sails.

Okay, enough metaphor. You get the point, the main one being we’re still running a deficit, and that without Bush’s tax cuts, there’s a good chance we’d still be in the black, or at least a lot closer to zero.

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