Old John admits he knows nothing about economics. And he really doesn’t. But that doesn’t stop him from shooting his mouth off.
And Mr. McCain proclaimed himself a believer in the notion that cutting taxes increases revenue for the government by spurring economic growth. “Don’t listen to this siren song about cutting taxes,” Mr. McCain told supporters gathered here under a tent in a driving rain. “Every time in history we have raised taxes it has cut revenues.
So is this just stupid, or is it a baldfaced lie? Because it is certainly not true. In fact, quite the opposite is true.