  REPUBLICAN ECONOMICS The New York Times has a quote from Tom DeLay urlLink discussing why the GOP rejected a Democratic amendment that would have required any more tax cuts be offset by spending increases (to see how close it was and how they had to break the rules to do it, go urlLink here . ) "We, as a matter of philosophy, understand that when you cut taxes the economy grows, and revenues to the government grow," Mr. DeLay said. "The whole notion that you have to cut spending in order to cut taxes negates that philosophy, and so I'm not interested in something that would negate our philosophy.
" So there you have it. GOP economic policy is based simply on their philosophy. It doesn't matter if cutting taxes increases government revenue in reality , as long as they hold true to their philosophy, nothing matters. So I guess that, philosophically speaking, the deficit doesn't really exist. This truly is faith-based economics. We really need some adults in charge. 
