Jon steward’s Daily Show is one of my favorite show.
I think i have watched almost every show since i discovered it.
But i was a little bit disappointed in Jon today.
In this following clip, Jon criticized Republicans goals of tax cut and deficit reduction as contradictory, where in fact they are not.
Jon you got it wrong.
Tax and deficit can both be reduced simultaneously as long as one or both of the following happens:
1. The economy grows and expand the tax base enough that absolute tax collection increases even as tax burden as a proportion of the GDP decreases. or,
2. Government cuts spending more than they cut taxes.
Come on Jon, these are simple ideas that i am sure you or at least one of our staff is fully aware.
Dont twist your logic to attack the republicans. It will make you look like a petty demagogue.
I know that you are a “comedian”, but too bad many of us think of you as a trusty newscaster who is also funny.
Note: i wanted to end this post with a self depreciating joke, in spirit of my The Daily Show. You know something along the line of “hey its just a TV show why so serious, you are a nerd” but i cant really think of one. so i am just going to end it here.
Note2: to be fair, neither scenarios is likely to happen. No serious economist expect US economy to grow enough to off-set extending the subject tax cut. And there dont seem to be enough political will to significantly cut spending.