[Mb-civic] Bush's Fiscal Funhouse

michael at intrafi.com michael at intrafi.com
Tue Sep 14 11:25:50 PDT 2004

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Bush's Fiscal Funhouse 

September 14 2004

No matter how big the federal deficit may appear to be, the economy can quickly grow its way out. That, anyway, is President Bush's claim. To his coterie of supply-side enthusiasts, tax cuts are the equivalent of a real perpetual motion machine. The faster you cut taxes, so the theory goes, the more revenue the federal Treasury should receive as the economy booms. 

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