A few weeks ago, Treasury Secretary Tim "Tax Cheat" Geithner stated that the Bush tax cuts were "misguided" and led to a $700 billion revenue shortfall. As I believe we have learned over the past several months, that the government wastes money like it's nobody's business. Therefore, keeping $700 billion out of their hands over the past 9 years is a GOOD thing.
Once again, adding at most $100 billion a year to the government's revenue is not going to do much against a deficit that is 15 to 18 times that size. Furthermore, my video on Art Laffer generated a most interesting comment by a left-winger who states that by passing tax cuts, the Republicans passed a large tax increase. Wow, what has our education system done to us?
