Once again, my vote on the Bush tax cuts

Extend them and we get stagnation.
Let them expire and we get restructuring of government.


Multipliers are less than one.  Get rich people involved in government and multipliers will rise.

One of my favorite charts

We have the ratio of government spending to personal spending. Yet again, Libertarians, what happens to the ratio when marginal rates are high and what happens when they are low? The economy wants government size to reduce in relative terms (because multipliers are low) . We have one sure way to get there.

There is a reason why the Bush tax cuts were limited in time, because we had experience with the Bubba Clinton policy and we always knew we had to get back to it.