Paul Krugman: Bush's Children and the Vanishing Future

Paul Krugman in his editorial in the Times today, THE VANISHING FUTURE, (from which I've excerpted some key paragraphs below) accuses the Bush administration of childishly ignoring what will happen when the economic chaos caused by their tax giveaways finally comes a calling.

He's probably right to call their denials and deceptions childish. For it is written in Luke 18:15 wherein Supply Side Jesus says: "Truly I tell you, whoever does not receive the kingdom of the Supply Side God as a little child will never enter it."

THE VANISHING FUTURE
By PAUL KRUGMAN
Published: February 10, 2006
At this point we've had six years to grow accustomed to Bush budget chicanery. (Yes, six years: George W. Bush's special mix of blatant dishonesty and gross irresponsibility was fully visible during the 2000 presidential campaign.) What still amazes me, however, is the sheer childishness of the administration's denials and deceptions.
(...snip)

...the administration has no idea how to make its tax cuts feasible in the long run. Yet it has never, as far as I can tell, allowed unfavorable facts to affect its determination to make the tax cuts permanent. Instead, it has devoted all its efforts to hiding those awkward facts from public view. (Any resemblance to, say, its Iraq strategy is no coincidence.)

At this point the administration's budget strategy seems to be simply to ignore reality. The 2007 budget makes it clear, once and for all, that the tax cuts can't be offset with spending cuts. But Bush officials have decided to ignore that unpleasant fact, and let some future administration deal with the mess they have created.