Sunday, January 16, 2005

DEFICIT PROBLEM... WHAT DEFICIT PROBLEM?

Deacon over at POWERLINE has a great take on the Lawrence Kudlow story from the Wash Times:
"It appears, then, that the Bush deficits were product of the recession he inhertied and the slowdown caused by 9/11. Similarly, it appears that the Bush tax cuts, by stimulating the economy, has produced an explosion in tax revenues that is causing the deficit to narrow significantly. But, again, don't expect to hear this from the MSM."

Power Line: The crisis that wasn't