Although I applaud anyone attempting to put in writing some sort of mathematical calculations that show the return on certain types of government spending (and tax hikes, for that matter), I do not feel that impact assessments are the right way to inform the public or change the political dialogue on the subject. One need only look at this Administration's budgetary projections, for example. Or better yet, testimony in 2002 and 2003 regarding paying for a potential war in Iraq. Unfortunately, numerical projections like that can easily be manipulated to support completely baseless theories showing some sort of desired return on an investment. Despite the fact that there is no evidence to support it, I'm sure millions of Americans still believe that tax cuts pay for themselves and do so because of continual misstatements of fact by conservative pundits and politicians. Nevertheless, it really is nice to see this topic addressed in any meaningful way.
Mar 11 2008 - 3:41pm