…of how so-called “deficit hawks” are really just “cut taxes for the rich hawks.” From E.J. Dionne at the Washington Post –
“How do we know our difficulties stem primarily from a shortage of revenue? Consider what would happen if we allowed all the tax cuts scheduled to expire in 2012, including the ones enacted under Bush, to go away. That would produce nearly as much deficit reduction over the next decade – roughly $4 trillion – as all the maneuvers of the Bowles-Simpson commission put together. If you want to be serious about closing the deficit, ending the Bush tax cuts is a good place to start.”
It’s a good piece showing the hypocrisy of “deficit hawks” and also how the Democrats regularly get outflanked politically on issues such as this.