Speed Gibson

The theory that tax cuts can spur the economy to the point of even increasing total tax collections is now well accepted, given the experience of Presidents Kennedy, Reagan, and now Bush. But that doesn't fit the Left's template.

Federal deficits and tight State budgets have only one cure according to them - raise tax rates, particularly on high rollers. So along comes one opposing study from the Congressional Budget Office, the "government's top arbiter of fiscal matters" as the Minneapolis Star Tribune would have you believe. One counter-intuitive study against decades of experience both here and abroad, but a study that fits their template. You are therefore directed to stop believing your lying eyes and cheerfully let the government spend even more of your money for you.

Remember, they tell you, Reagan's tax cuts caused the big rise in the deficit. But I remember that tax revenues doubled and spending tripled. To borrow from the editorial, "You don't need a Ph.D. to get the point. Just look at the data."

Let King further educate you on this, followed by some cathartic relief from Learned Foot.