You do need to offset the cost of increased spending, and that's what Republicans object to. But you should never have to offset the costs of a deliberate decision to reduce tax rates on Americans.
Senator John Kyl, on Fox News Sunday, July 11, 2010.So, deficits formed by cutting taxes are OK, but other deficits aren't. Where is the logic in this? What is the argument? If I go into debt because I spend to much that is bad, but if I go into debt because I take a pay cut then that debt is somehow different?
Is this is what passes for fiscal conservatism and concern about the national deficit and debt?