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Of course, a little financial responsibility and the money would have been there anyway. You can have my tax cut.
With all due respect, Keith, I don't think the tax cut was the reason the levies weren't built better. I think that point has been made by other posters better than I could make it. I can only add that every serious economist predicts, and every example tried, shows that tax cuts lead to increased revenues. This has been proven multiple times here in the US as well as overseas in Iceland, Ireland, Estonia (I think; one of the Baltic republics has surged ahead in their economic development by lower taxes, establishing strong rules of law regarding business and getting the government out of business.)


That is simply not true. Neither the "every serious economist" bit or the "tax cuts lead to increased revenues" bit. There's the Center on Budget and Policy Priorities (paper on "revenue increases") and my personal favorite, The Concord Coalition (essay on fiscal responsibility) It's as absurd as saying that all serious scientists agree that global warming is true. Also, there are about 7 trillion pieces of evidence that have popped up against the supply side theory since it was first tested, so calling it a slam dunk is rather silly.