[ScottSolomon]

The vast majority of economists with any professional integrity say that Bush's tax cut - at this time - will not boost the economy - and would send us much deeper in debt. I think that this is the goal of the Bush administration. I think they are trying to load the federal budget with so much debt that Medicaid, Medicare, Social Security, HUD and every other evil communist spending program gets cut.

Supply siders love to use the incredibly simplistic argument that lowering taxes allows people to build their businesses further. This of course is true, but it is only about 1/50th as complicated as the actual systems involved. Their simple analogy is easy to spit out to people - because they don't really know any better- but it ignores the current high level of capital investment, the lack of demand, the decrease in real wages of the average family, the increase in healthcare costs, a shift away from the manufacturing sector, and preexisting liquid assets in the hands of the majority of dividend receivers. Most economists assume that - in the short term - the tax cut will boost the secondary markets, but if the primary markets do not have an increase of demand and consumer spending, the stock market gains will be taken as profit and we will be back in the same boat - a few hundred billion dollars further in debt. In the long term, the economy may continue to remain in the doldrums as the number of retirees drawing upon social security climb, and the debt load becaomes more acute. The government would then need to take more drastic measures to either cut the major spending programs or start printing money. Either case will be disasterous for a major chunk of the American populace.

But hell, Bush won the war ( with the most powerful military the world has ever seen against a 2 bit dictator choked by 12 years of sactions ) - such an awesome feat surely means he is infallible.