The Bush tax cuts were "bad" because they weren't paid for..
...not because tax cuts are bad by nature...
Get a clue....
"Obama believes that a critical step in restoring fiscal discipline is enforcing pay-as-you-go (PAYGO) budgeting rules which require new spending commitments or tax changes to be paid for by cuts to other programs or new revenue
President signed a PAYGO bill, but GOP House changed key Democratic rule
Updated: Thursday, December 20th, 2012 | By Louis Jacobson
Barack Obama's promise to enforce pay-as-you-go -- or "PAYGO” -- budgeting rules was significantly affected by the Republican takeover of the House during the 2010 elections.
A recap: PAYGO rules have existed in different forms, but the general principle is that they require new spending to be balanced by spending cuts, revenue increases or a combination of the two.
One complication affecting this promise is that two separate provisions go by the name PAYGO.
One is a law Obama signed on Feb. 12, 2010 -- the Statutory Pay-As-You-Go Act of 2010. The legislation increased the public debt limit and instituted a new PAYGO statute. The Office of Management and Budget keeps track of new spending and tax law changes. At the end of the year, OMB checks whether spending increases and tax cuts have been offset by spending cuts or tax increases. If not -- and if Congress doesn't act to make offsetting cuts -- there is an automatic across-the-board spending cut