From the “Well duh” dept.:
Tax Cuts May Come At a Price, Study Says
Treasury: Financing Must Be Found
By Nell Henderson
The federal government will need to either cut spending or raise taxes down the road to pay for extending President Bush’s recent tax cuts, the Treasury Department said in a report released yesterday, dismissing the idea popular with many Republicans that such sacrifices can be avoided.
The reason the idea is popular with Republicans is that it frees them from having to accept responsibility for their actions. Sorta like their stance on global warming or say, the rapture.