Debt Math: Tax Cuts Are Not the Problem. Unsustainable Spending Is.

I realize it's a hot talking point on the Left these days to blame new projections of trillion-dollar-plus deficits on the new tax law -- but as we explained at length last week, the federal government has a spending problem, not a revenue problem. The tax cuts simply allow Americans to keep more of what they earn and bring the formerly-uncompetitive US corporate rate in line with the rest of the developed world.