Quote Originally Posted by Xiahou
You won't find me defending Bush's lack of fiscal restraint, particularly on new entitlements. But, I view that as a seperate issue from tax cuts which do stimulate economic growth- you can't blame the tax cuts for Bush spending like a drunken sailor and driving up deficits. I'd much prefer to see tax cuts coupled with some fiscal restraint, but given the choice between tax cuts with poor spending discipline or no tax cuts at all, I'll still take the tax cuts.
Well, my problem was never as much with the tax cuts as it was with the lack of a balanced budget, if you are going to cut taxes (that won't clearly improve the economy) you should cut expenses.

But tax cuts are probably a better way to stimulate the economy than subsidies, so if he wants to be a Keynesian he's doing a fine job, but this kind of deficit 'spending' is hardly what Republicans (and Reagan with them) usually stand for.

And I wouldn't have recommended it