Mark Thoma: "Tax Cuts Won't Build Schools"
Pro-cyclical arguments (the same ones that got us into this mess) are saying that we shouldn't begin public works projects because they might take a while. Mark Thoma shreds these them to little tiny bits.
I particularly enjoy how he notes that we've run a test of the "tax cuts solve everything" theory and how it's pretty clear that it failed. Miserably. While ballooning the deficit with nothing to show for it.