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  • Growth & Justice is a progressive think tank committed to making Minnesota's economy simultaneously more prosperous and fair. We believe that at a time of deep partisan division, Minnesotans can unite around one goal: a strong and growing state economy that provides a decent standard of living for all.

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June 06, 2011

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sbanicki

Some will argue for the need and appropriateness of the Bush tax cuts. They will make the claim that these tax cuts stimulated investment that resulted in the boom years between 2000 and 2007. Hindsight tells us that the housing bubble, financed by the sub prime mortgage fiasco, fueled these unsustainable years of “prosperity”. We borrowed from our future and it was very costly. The result is housing prices collapsing nearly 35% with the highest foreclosure rates in history and the economy in a near depression.

In addition, if you claim to be a fiscal concervative, when the tx cuts were enacted where were the expense cuts?

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