Wednesday, October 13, 2004


Kedwards tax "cuts" are really tax credits. (I wonder if that means those who have no tax liabilty will be able to claim these as "refunds" i.e. welfare payments?)

I am enheartened by the fact that Bush's deficits are caused by tax cuts and not by new spending programs. There is a good chance he won't get eveyone of them enacted and thus it will be less than the estimates.

However, any new spending program becomes a third rail and are always low-balled in costs.

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