[CamB]

Geeez, tax cuts have come around again. I don't really want to scuzz up a thread about Kerry's policies (and he needs to get out there and explain them better), but the short version.... IMHO, of course:

1) The US has a (big) deficit
2) What little growth there has probably primarily been led by credit based consumer spending (in particular, the semi-fictitious "I'm rich because my house is worth more" phenomenon)
3) Tax cuts reduce federal income
4) No credible economic source will agree that the tax cut money will be spent in a way which increases aggregate real federal income
5) So your deficit is going to get bigger (although there might well be higher GDP growth) - you are buying growth with debt, to be funded by future tax payers