You cannot slash taxes AND slash spending AND still reduce the deficit. It’s mathematically impossible. You can no more reduce the deficit this way than you can walk to the moon or skin-dive the Marianas Trench.
And if you try it, we’ll be in another recession in a heartbeat. Hell, with three straight months of falling consumer spending, we might be heading into another one even if you don’t.
This really is the era of lowered expectations. I used to pray for deliverance from extremist ideologues. Now I just pray for deliverance from people who can’t count.
