Monday, August 16, 2004

BUSH LIED

No, just kidding, but... The worst point of Bush's record is certainly the deficit. He said we could afford the tax cut because there was a surplus. I never liked that argument, and history hasn't been kind to it. Unfortunately, Kerry puts Bush to shame when it comes to fuzzy math:

Even with that generous accounting, the Kerry spending promises add up to an extraordinary amount of money. Our best estimate is that Kerry's proposals will add up to between $2 trillion and $2.1 trillion over the next ten years. Since the revenue from his tax proposals relative to the current baseline is actually negative, this implies that the Kerry proposal would increase the deficit by perhaps as much as $2.5 trillion over the next ten years.


Deficit hawks will just have to hold their noses and vote for Bush this year, it seems. But let's wait and see what noises he makes at the Convention.

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