Paul Krugman on the logical incoherence of John McCain's explanation of his record on tax cuts:
McCain now says that he supports making the Bush tax cuts permanent. Not only that: he’s become a convert to crude supply-side economics, claiming that cutting taxes actually increases revenues. That’s an assertion even Bush administration officials concede is false.
Oh, and what about his earlier opposition to tax cuts? Mr. McCain now says he opposed the Bush tax cuts only because they weren’t offset by spending cuts.
Aside from the logical problem here — if tax cuts increase revenue, why do they need to be offset? — even a cursory look at what Mr. McCain said at the time shows that he’s trying to rewrite history: he actually attacked the Bush tax cuts from the left, not the right. But he has clearly decided that it’s better to fib about his record than admit that he wasn’t always a rock-solid economic conservative.
Sounds like straight talk to me!