Prometheus 6

I'm more shocked than grateful. 

Mr. Giuliani and the Tax Fairy
Sorry to tell you, Mr. Mayor, but she's not going to deliver.
Saturday, December 1, 2007; A14

"I KNOW THAT reducing taxes produces more revenues," Republican presidential candidate Rudolph Giuliani declares in a new television ad launched Thursday. "Democrats don't know that. They don't believe it."

There's a good reason for that: It's not true. Produces more revenue than what? Than if taxes had not been cut? No -- and no matter how many times Republican politicians caught up in the thrill of supply-side thinking pronounce that tax cuts pay for themselves, they cannot will it to be correct.