Quote:
Originally Posted by whell
The Keynesians keep lying about what Supply-Side is. I've stated many times that the theory has nothing to do with government spending, but the Keynesian crowd unfailingly attempts to describe Supply-Side in terms of the deficit, which is a function of spending.
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What you seem to be deliberately avoiding is that Supply-Side theory says that tax revenue goes up with a decrease in the tax rate (at least on the only half of the Laffer curve that Supply-Siders care about) and that, accordingly, spending can remain the same (or even go up) without an adverse impact upon the deficit.
As I've said a time or two before, supply-side economics is best understood as "You can have everything you want, but you have to pay for it with tax cuts." It's sophistry, pure and simple and provides a scheme by which Republicans can provide tax cuts for the rich while avoiding spending cuts that would negatively impact their base. A win-win for cynical dishonesty.