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Sunday, August 1, 2010

Signs of the Apocalypse, Republican Tax Cuts Edition

Who is the latest economics notable criticizing the Republican desire for never ending tax cuts?

Why it's 1980s wunderkind David Stockman, who was Ronald Reagan's director of the Office of Management and Budget.

Not only does he excoriate supply side, "Tax Cuts Pay for Themselves," mentality, he lays the financial crisis at the feet of these policies.

We are living in Bizarro world when David Stockman is the voice of reason.

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