Originally Posted by 1_Industrialist
Which economists? The same economists that the guy you have displayed in your signature (Ron Paul) rejects as experts. Tax cuts shouldn't be cited as the problem. The Tax cuts were fine and we needed even more of them (as your guy RP would say), the problem was that those said Tax cuts weren't accommodated with Spending cuts. Lack of Spending cuts were the problem, not the Tax cuts.
Yes, this thinking as always is based upon a static picture of the economy. The fact that in prosperous times where capital is fluid, you naturally increase the tax revenue coming in with tax cuts doesn't occur to people.