I’m sorry, but why is there even a debate on whether or not the Bush tax cuts should be rolled back? Oh right, job creators something something something. James Fallows on this chart from the NYT:
It’s based on data from the Congressional Budget Office and the Center on Budget and Policy Priorities. Its significance is not partisan (who’s “to blame” for the deficit) but intellectual. It demonstrates the utter incoherence of being very concerned about a structural federal deficit but ruling out of consideration the policy that was largest single contributor to that deficit, namely the Bush-era tax cuts.
(via Andrew Sullivan)
Posted July 26, 2011 at 8:37am
