• It’s rank demagoguery. We should call it for what it is. If these people were all put into a room on penalty of death to come up with how much they could cut, they couldn’t come up with $50 billion, when the problem is $1.3 trillion. So, to stand before the public and rub raw this anti-tax sentiment, the Republican Party, as much as it pains me to say this, should be ashamed of themselves.
• Reagan budget director David Stockman • Ripping his own freaking party for emphasizing a tax-cut strategy despite the fact that there’s a huge deficit. “It’s become in a sense an absolute,” he explains. “Something that can’t be questioned, something that’s gospel, something that’s sort of embedded into the catechism and so scratch the average Republican today and he’ll say ‘Tax cuts, tax cuts, tax cuts.'” The key point he seems to be getting at: We have too much going on as a government and it can’t simply be solved by cutting taxes. It’s a point that makes him angry when the Democrats (i.e. Obama) recommend it, too. The fact of the matter is that we have the Reagan tax cuts, the Bush tax cuts and now the Obama tax cuts. Is the solution cutting the government severely, like our boys in the U.K.? Or is it just raising taxes? A lot to question. (Thanks soupsoup) source

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