![](http://photos1.blogger.com/blogger/2022/154/400/fig-1.jpg)
Menzie Chinn over a Econbrowser raises some concerns with a classical analogy here. As the comments note, is it the tax cuts or the increases in spending that may cause a shortfall?
And what about economic growth? Or here?
Congressional Budget Office document here offering some alternative universes (warning pdf format).
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