Some tax cut humor(Read article summary)
A little joke about the Bush/Obama tax cuts.
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A few weeks back one of my colleagues relayed an old joke to me which he was reminded of in the context of a fiscal policy issue we had been discussing. Except as soon as he said it, I immediately thought it was an even better analogy to the (then-)Bush(-soon-to-be-Obama) tax cuts. With that clue, letâ€™s see if some of you readers can â€śseeâ€ť this, tooâ€“solve the riddle: how is the joke below reminiscent of what President Obama proposes to do about the Bush tax cuts?
â€śCould you loan me ten dollars but just give me five? That way youâ€™ll owe me five, Iâ€™ll owe you five, and weâ€™ll be even.â€ť
I will follow up with my answer later (just for dramatic effect). It will involve citing CBO reports, so donâ€™t get your hopes up about it eliciting a lot of yuks from you.
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