Get ready for the Roller Coaster Ride!
It's helpful to remember this:
George W. Bush inherited a budget surplus from Bill Clinton but then slashed taxes, mostly on the rich. The CBO found that the Bush tax cuts reduced revenues by $3 trillion.
Robert Reich |
The Republican's Magical Mystery Tour (Starting Next Week)
Robert Reich, Robert Reich's Blog
Reich writes: "One of the first acts of the Republican congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he won't use 'dynamic scoring' for his economic projections. Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side 'trickle-down' economics."
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Robert Reich, Robert Reich's Blog
Reich writes: "One of the first acts of the Republican congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he won't use 'dynamic scoring' for his economic projections. Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side 'trickle-down' economics."
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