Perry Joins the Mythic Order of the Supply Side Genies

Like George W. Bush and T-Paw before him, Rick Perry has declared that tax cuts pay for themselves because the awesome and mysterious forces of the Supply Side Genies will bost economic growth so much that tax revenues won't actually fall when we implement an insane half-baked flat tax that is really another backdoor tax cut for the rich.

Just to be clear, tax cuts, especially ones like this, don't even come close to fully paying for themselves with increased economic activity. The CBO under my favorite wonk-turned-hack ever, Douglas Holtz-Eakin, tried to score the Bush Tax Cuts using dynamic analysis, the preferred methodology of the Mythic Order of the Supply Side Genies, and even he couldn't figure out a way to say the tax cuts paid for themselves.

So the next time you hear somebody claim that tax cuts pay for themselves, give them a hug and tell them that Genies simply don't exist.