VOODO REPUBLICANISM….Sebastian Mallaby writes:
Nobody serious believes that tax cuts pay for themselves, as I noted last week. But most senior Republicans flunk this test of seriousness.
[Quotes from George Bush, Dick Cheney, Bill Frist, Chuck Grassley, and Rick Santorum making this claim, followed by reports from conservative Republican economists saying it’s not true.]
Which raises a question: When top Republicans go around claiming that tax cuts pay for themselves, which economic authorities are they relying on? None, is the answer. These people’s approach to government is to make economics up.
But Sebastian, that’s the approach of top Republicans to every policy question these days: they just make it up. Voodoo economics is merely a proper subset of voodoo Republicanism.