In response to:

Obama’s "Really Stupid, Stupid, Stupid Sequester"

Kenneth L. Wrote: Feb 21, 2013 7:25 AM
Odd video. Have Stiglitz and Krugman suddenly become supply side economists? I would encourage them to do an "empirical" study of the Great Depression with particular attention to the late '30s during which Europe was recovering and our unemployment rate began to rise again to new highs. They should ask themselves if Henry Morgenthau, Jr. might have hit on "The Truth." I would encourage them to do an "empirical" study of tax revenue in the years following tax rate decreases. Even today, David Harsanyi takes a swipe at the straw man of tax rate decreases with reference to an ideology that claims they always "pay for themselves." Obviously, they don't pay for themselves within a year. But revenues rise in the following years. Why?
Colonialgirl Wrote: Feb 21, 2013 4:43 PM
right, they are too stupid to really understand. Klugman got his "Nobel" for the same reason Obama got his---NONE
DoctorRoy Wrote: Feb 21, 2013 11:37 AM
No I don't think they are or will be supply sider's anytime soon.
Kenneth L. Wrote: Feb 21, 2013 7:33 AM
I beg Mr. Harsanyi's pardon. It's Steve Chapman who mentions tax rate decreases.

In the opaque world of sovereign debt credit ratings, one of the most important issues facing a rating agency is a country’s economic growth.

One of the reasons why the United States has had such large deficits is because economic growth for the last decade and a half has been anemic. 

I highlight that here because recently I took umbrage with the Congressional Budget Office projections on the U.S. economy and the country’s budget deficit, writing for Townhall about the budget problems we will face once interest rates begin to rise.

The “thorny problem with the CBO forecast is that after this...