Ladies and gentlemen, allow me to present a bit of sanity from Paul Krugman:
Many analysts now acknowledge that the administration never had any intention of pursuing a conventionally responsible fiscal policy. Rather, its tax cuts were always intended as a way of implementing the radical strategy known as “starve the beast,” which views budget deficits as a good thing, a way to squeeze government spending. Did I mention that the administration is planning another long-run tax cut next year?
Oops, my mistake. I think he meant it as a bad thing.
Speaking of bad things, that is a toupee on top of his head, right?