Daily Show on Republican Economic Plan

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Jon Stewart mocked the irrationality of Republicans being for deficit reduction and the extention of the Bush tax cuts. President George W. Bush, Vice-President Dick Cheney and Bill Frist all said in 2006 that the tax cuts pay for themselves.

President Bush, for example, commented on July 11, “Some in Washington say we had to choose between cutting taxes and cutting the deficit…. that was a false choice. The economic growth fueled by tax relief has helped send our tax revenues soaring.”[1] Earlier, in a February speech the President stated, “You cut taxes and the tax revenues increase.”[2] Similarly, Vice President Cheney has claimed, “it’s time for everyone to admit that sensible tax cuts increase economic growth and add to the federal treasury.” [3] And Majority Leader Frist has written that recent experience demonstrates, “when done right, [tax cuts] actually result in more money for government.”[4]

We all know how that worked out. Republicans haven't learned anything during the Bush years about economic policy and they are willing to remain ignorant.