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Tuesday, September 28, 2010

Obama's CBO Chief: Tax Cuts Would HURT Economy

Yup, you heard that right. According to CBO chief Douglas Elmendorf, not raising taxes would be helpful in the short term, but would "force" the government to borrow so much that it would kill the economy.

Yeah, because it is impossible to try to roll back any of Obama's trillion dollar spending binge, right? And because the CBO is never wrong in its projections...