First of all, I wish to restate that Bush's economic policies have been confused from the start, neither satisfying the standards of Keynsian stimulation with which they were sold (due to the high savings rate to whom they were primarily directed), nor satisfying the supply-side conditions which would increase productivity in the long-term (which would arguably be the result of the savings rate issues mentioned above, but are invalidated by the deficit needed to implement them in the current economic climate).
Short answer: Deficit (arguably) good, if given to low savers. Tax cut to high savers good, if there is no deficit.
All that being said, outsourcing is not the major problem facing the employment market. It is, in fact, a minor inconvenience; that has potential long-term benefits.
A policy that was purportedly stimulative in the Keynsian sense has no business existing in an economy that is expanding (in terms of GDP), especially when inflation is a potential issue. There should be no deficit right now, except what is neccessary to resolve short-term security issues. A roll-back on the tax cuts would only be prudent.
Short answer: Deficit (arguably) good, if given to low savers. Tax cut to high savers good, if there is no deficit.
All that being said, outsourcing is not the major problem facing the employment market. It is, in fact, a minor inconvenience; that has potential long-term benefits.
A policy that was purportedly stimulative in the Keynsian sense has no business existing in an economy that is expanding (in terms of GDP), especially when inflation is a potential issue. There should be no deficit right now, except what is neccessary to resolve short-term security issues. A roll-back on the tax cuts would only be prudent.