Fail Economics & You

 
« Back to blog

previously ranted at reckless tax cuts

"On top of all that, budget watchdogs say the sheer size of the interventions is making Washington more profligate than usual. To attract votes in Congress, leaders added several costly items to the $700 billion rescue, including extensions of some tax credits and tax breaks for makers of wooden arrows and stock- car racetrack owners.

Under normal circumstances, there would have been more resistance to such expenses, said Robert Bixby, executive director of the Concord Coalition, a non-partisan budget watchdog.

The rescue legislation ``creates a mask for all sorts of fiscal irresponsibility,'' said Bixby. ``It covers up a multitude of sins.''"

Loading mentions Retweet

Comments (0)

Leave a comment...

 
Got an account with one of these? Login here, or just enter your comment below.
Posterous-login    Connect    twitter