Interesting article in this morning’s Washington Post by Allan Sloan: Phony Tax-Cut Math Comes Home to Roost. Here’s the opening:
One of the problems with using phony numbers is that they catch up with you sooner or later. That’s finally happened to the Bush administration and its congressional allies, who used phony numbers to pass enormous tax cuts in 2001 and 2003, rather than settling for the very large cuts they could have gotten by playing it straight.
