Most of these provisions were judged by the Congressional Budget Office, Congressional Research Service, and Goldman Sachs, to be just about the worst bang-for-the-buck stimulus you can possibly imagine.
Even if Bush's most prized tax cuts were responsible for 100 percent of the third-quarter lift, it would be absurd -- let me repeat, absurd -- to argue that such a short-term contribution vindicates the administration's assault on our nation's long-term fiscal soundness.
A temporary economic blip justified a temporary rise in the deficit, not policies that blow a hole in our deficit for decades to come. The administration's tax cuts, if extended, will cost more than $4 trillion over the next decade. In 2013 alone, 12 years after the recession has ended, the tax cuts will still be costing our nation over $600 billion!
http://quote.bloomberg.com/apps/news?pid=10000039&sid=awyOrTkJtmzY&refer=columnist_sperlingIt's written by a Clinton guy, but published on Bloomberg's web site....