Wednesday, July 14, 2010

Republicans: Economically Illiterate

"There’s no evidence whatsoever that the Bush tax cuts actually diminished revenue. They increased revenue because of the vibrancy of these tax cuts in the economy. So I think what Senator Kyl was expressing was the view of virtually every Republican on that subject.” - Mitch McConnell
In other words, this is why Republicans don’t think tax cuts need to be paid for. They pay for themselves.

Why does this make me sad? Because it’s hard to see the country prospering when one of its two major political parties is this economically illiterate. McConnell isn’t some backbencher. He’s Senate minority leader. And he thinks there’s “no evidence whatsoever that the Bush tax cuts actually diminished revenue.”

- Ezra Klein

via brooklynmutt.com

A two party system: a varied Democratic Party living in reality and a unified Republican Party completely in their own world of half-assed "we think government sucks" misanthropy and fact-free economic policies.

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