To the editor: One of the biggest hoaxes perpetrated on the American people is the Republican idea that tax cuts pay for themselves. If that were true, we would not be faced with deficits that will increase by $1 trillion this year and for years to come. Rarely have we had deficits greatly increasing at a time of prosperity. (Obama’s deficits kept the economy from getting worse.)
As usual, Republicans claim the deficits are the result of government spending for entitlements. It is always the same story — lower taxes for the rich, blame resulting deficits on government spending, cut programs that help needy people.