The Problem Is *Spending*, Not Taxes

What’s the difference between a tax-cut stimulus and a spending stimulus? Some efficiency, sure, less rent-seeking and pork-barreling, no doubt. But if we cut taxes without cutting spending, we are not cutting taxes. We are deferring taxes. Taxes are not the problem; spending is the problem. Taxes are a symptom.

via Bobs-for-Jobs Schilling: Another Republican for Keynesian Stimulus - By Kevin D. Williamson - Exchequer - National Review Online.