Video: Sen Judd Gregg (R-NH) schools MSNBC's Andrea Mitchell on “paying for” tax cuts

(By Ed Morrissey, Hot Air) - Via Radio Vice Online, outgoing Senator Judd Gregg gently schools Andrea Mitchell on the concept of “paying for” tax cuts. That construct, Gregg explains, assumes that all income belongs to the government, and that there is a cost in allowing people to keep their own money. Why hasn’t anyone started demanding an explanation of “paying for” the increase in government spending, Gregg wonders, that has risen from 20% of GDP to 24%, on its way to 28%? The only thing with explicit cost is government spending, not tax rates, and it’s high time people remembered that: