Monday, June 20, 2011
The tax cut lie
In this video clip Lawrence O'Donnell exposes the fallacy of the conservative mythological belief that tax cuts create government revenue. And of course the standard "proof" is Reagan's tax cuts. O'Donnell's provides ample examples from the conservative side to refute the myth, including his guest this evening Bruce Bartlett, former executive director of the joint economic committee in the Regan Whitehouse. O'Donnell concludes the interview noting Bartlett will henceforth have troubling getting conservative dining companions after revealing the lie at the heart of their economic policy to enhance the rich at the expense of the poor.