AUSTIN, Texas -- One of our better political commentators, Tom Tomorrow, has boiled down our entire current political debate to one question: "Are they stupid, or are they lying?" This seems to me pretty much how it goes, each side reduced to accusing the other of living in an alternate reality.
Let's see if we can't find a way to frame the question that would allow an answer from empirical evidence both sides can agree on. When it comes to many actions of the Republican Congress, there is now a substantial track record of results. The evidence is in.
For five years now, the Republicans have promised us that business tax cuts would strengthen the economy, create new jobs, spur growth, foster investment, and bring beer and skittles for everyone. Over five fiscal years, the tax cuts have had a direct cost to the treasury of $860 billion -- with interest, $929 billion.