SMRs and AMRs

Wednesday, November 17, 2010

In memoir, Bush spins fiscal fiction

By Ruth Marcus
WashPost
Wednesday, November 17, 2010;

It was, or so I thought, a dandy column idea: an imaginary, missing chapter of George W. Bush's "Decision Points," in which the former president would admit to having made the wrong call on taxes.

The imaginary but completely delusional: My inner Bush would not regret pushing for the tax cuts. But he would acknowledge - how hard could this be? - that Alan Greenspan was right when he suggested a trigger mechanism to cancel the cuts if the promised surplus failed to materialize.

If only . . .

Of course, that surplus was a mirage. Rather than presiding over erasure of the publicly held national debt, Bush watched it grow from $5.6 trillion to nearly $10 trillion.

(More here.)

0 Comments:

Post a Comment

<< Home