Welcome to America's $2 Trillion Budget Deficit

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This is Investment Side economics. You get the biggest bang for the buck by investing in infrastructure, government spending, and education, which grows the economy so much that revenues increase dramatically. It is much like Supply Side economics in that it is classifiable under the rubric of voodoo economics.

Luther of @ Aug 01, 2008 14:36:11 PM

Republican Plan

Actually McCain has a plan too. How to pay for the war in Iraq, general military expansion, and tax cuts:

War in Iraq: Eliminate Amtrak 1000 times.

General military expansion: Eliminate Amtrak 500 times.

Tax cuts: Eliminate Amtrak 2000 times.

See? Merely by eliminating the Republicans' least favorite program, Amtrak, a mere 3,500 times, we can have it all!

Roderick Llewellyn of CA @ Aug 01, 2008 13:19:39 PM

Not to worry. Republicans have a plan.

Cut taxes for the wealthy. Spend all "infrastucture" budget in Iraq to rebuild what we blew up. (Hearts and minds are more important over there than here after all.)

Pay for it by cutting the economic legs out from under Medicare and Social Security---make that middle class into a permanent lower class where "conservatives" can outspend the riff-raff in elections for centuries to come.

No, I'm not being facetious. It is their real plan.

Daniel David of NM @ Aug 01, 2008 11:01:43 AM

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U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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