Friday, January 25, 2008

Mr. Laffer Speaks...

...and he is right:
Mark my words: If the Democrats succeed in implementing their plan to tax the rich and cut taxes on the middle and lower income earners, this country will experience a fiscal crisis of serious proportions that will last for years and years until a new Harding, Kennedy or Reagan comes along.
Related post: "The Laffer Curve, 'Fiscal Responsibility,' and Economic Growth" (26 Oct 2007)