Friday, December 31, 2010

A Conservative Economist on the Reagan Tax Myths

link here to article

Bruce Bartlett, an economist who served in Reagan administration, destroys the GOP talking point that tax increases hurt the economy. He provides DATA that shows that this did not occur under Reagan, Clinton and Bush. He also reminds us that GOP leaders in Congress today voted for expanding Medicare and increasing our long term budget deficits when the expansion was proposed by a Republican. They must assume that their base does not pay any attention to data and that truth is whatever is politically expedient. History can be revised at will just as it was done in the USSR.

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