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Bush tax cuts?
by Ted Rudow III, MA
Wednesday Feb 15th, 2012 9:42 AM
The conservative economist Bruce Bartlett, the supply-side champion who wrote the manifesto for the Reagan Revolution. Bartlett became a senior policy analyst in the Reagan White House and a top official at the Treasury Department under the first George Bush.
Yet for all those credentials, he is today an outcast from the very conservative ranks where he was once so influential.
The Bush tax cuts have added at least $3 trillion to the debt. When Bush took office, budget projections showed a $6 trillion surplus, enough to pay off the pending $6 trillion national debt. Instead, by the time Bush left office, the national debt had ballooned to over ten trillion, and the Republicans are refusing to take responsibility for having driven the borrowing binge that put the nation in the hole it is in now.
"Well, it's very much like religion. And I think that it's not a surprise that so many very, you know, devout Christians are a part of the Republican Party and accept a lot of this. Because the nature of deep religious belief is faith, which means you accept things for which there is no proof"
Bruce Bartlett

Ted Rudow III, MA