Michael Boskin claims President Barack Obama is lying about his pledge not to raise taxes on anybody making less than $250,000, because every dollar of additional debt today means a dollar of additional taxes tomorrow.
Well, the definition of “stimulus” is, stimulating the economy so people and companies make more and therefore eat back into that debt without tax increases.
Sure, there’s no guarantee a government-fueled stimulus will work the way its proponents claim.
But, given that we never heard any Boskin outcry about Reaganomics, he’s in a pretty weak place to be firing deficit spitballs.
No comments:
Post a Comment