On June 7, 2012 Faraeed Zakaria writes in The Washington Post:
“Tax cuts have been a central cause of America’s deficit problems. For four decades, Washington politicians have bought popularity by cutting taxes, always saying that spending cuts or growth will make up for lost revenue. That rarely happened, and the result is $11 trillion in federal debt held by the public. To perpetuate this pandering one more time is not just dishonest — it is dangerous.”
This is the practice of supply-side economics, which I address at http://foreconomicjustice.com/2224/the-political-genius-of-supply-side-economics/
