In tonight “Talking Points” segment, he argued that government spending is a bad idea to revitalize the economy because its cost will add to the deficit.
Fine so far, but he then says that Obama should push tax cuts to individuals and businesses because that wouldn’t add to the deficit.
According to Wikipedia, O’Reilly finished university, but for some reason he doesn’t understand that if government A cuts 100 million in taxes and nothing in spending, and government B doesn’t cut taxes but adds 100 million in spending, they’ll both be indebted by the same ammount.
A great find by Jack Liberty:
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