Bruce Bartlett, domestic policy adviser in the Reagan administration and Treasury adviser to George H.W. Bush, quietly dissects GOP drivel about the regenerative effect of tax cuts.
What none of Bartlett’s new liberal friends will mention — Lawrence O’Donnell included — is how well Bartlett and his supply side friends cooked the books in the first half of 1981. He may have known that the Reagan tax cuts would generate no revenue for the federal government, but he didn’t say so at the time.
