Republicans’ Magical Thinking Is Immune To The Facts

January 12, 2015 Nemes Random

According to guides, one of the first acts of the Republican-controlledCongresswill be to fireDoug Elmendorf, director of the nonpartisan Congressional Budget Office, since he wont use dynamic scoring for his economic projections.Dynamic scoring is the

wonderful mathematics Republicans have actually been pushing since they developed supply-side trickle-down economics.Its based on the belief that cutting taxes lets loose economic development and therefore produces added government profits. Supposedly the included earnings more than offsets whats lost whenCongresshands out the tax cuts.

Economics,

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