Conservative Baby Boomers Change Their Tune on Cutting Taxes. By the Z-Man.

They were sure that if you starved the system of taxes, it would have to cut spending. Despite history saying otherwise, they were certain of it. Instead, they habituated their minds to ever growing deficits and an incomprehensible national debt. Per capita debt is about five times higher than under Reagan and about four times higher as a percentage of the GDP, so it is safe to say they were all wrong about this one.

There is a demographic aspect to this as well. When the baby boomers were in their prime working years, it was good politics to promise them lower taxes and greater returns from their investments. Now that they are retiring in droves, the tax ploy no longer works, so no one discusses it. Instead, it is good politics to create more money from thin air to pay for the entitlement programs. Like everything else about conservatism, taxes were nothing but a good marketing ploy.