The Bush Tax Cut Deficit Lie

When you tell a lie, it's usually beneficial to repeat it often enough that people stop bothering to actually check up on your lie. So it is with the notion that the so-called Bush Tax Cuts worsened deficits, which President Obama repeats endlessly. The facts are that Federal revenues -- both absolutely and as a percent of GDP -- increased, not decreased after tax rates were reduced in 2003. Deficits during those years were not a result of cutting tax rates; they were a result of increased Federal spending.