Less is less

Well, it seems the republicans' big tax cut is not only pissing off many Americans who won't see a tax refund this year, it also won't pay for itself.  I know that is mind boggling to anyone who has lived most of their life listening to GOP supply side and "trickle down" economics.  The mantra goes we must cut rich people's and corporate taxes and not only will increased economic activity pay for the cuts, but the benefits will percolate through the economy and boost everyone's income.  In practice, every republican administration since Reagan has made this argument and seen the budget deficit explode when their tax cuts fail to spark the increased tax receipts they promised.  It was then up to the democrats to try and clean up the mess.  It looks to be no different this time.  Tax collections from corporations are down 22% in the first quarter and spending is up.  The deficit is exploding and at least one senator, Perdue from Georgia is now bleating that we must look into "entitlement" spending.  Social Security and Medicare must be cut.  I'm surprised he didn't at least wait a few more months before letting the cat out of the bag.