Tax Guru – Ker$tetter Letter

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Posted by taxguru on February 11, 2003

Out of Control Spending

While I believe it is completely unfair to blame the Federal deficit on the Bush tax cuts, it is perfectly justified to hold him responsible for not putting the brakes on Congress’ wild out of control spending. That is one of my few complaints about Ronald Reagan. His tax rate cuts produced record levels of tax revenues; but he didn’t use his veto power to stop Congress from spending like the classic drunken sailors. I’m not sure Bush is going to be any more effective than Reagan was.

I’m not alone in this opinion. It’s shared by:

Bill O’Reilly

Veronica de Rugy

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