http://www.reuters.com/article/topNews/idUSWBT00724820070711
OK the facts are clear, tax REVENUES are UP - the tax cuts worked on the revenue side. Tax revenues keep increasing at a double digit clip while inflation is about 2.5%. Tax revenues keep increasing faster than anyone on either side expects. The CBPP says "of course revenues go up in a recovery" but the recovery is continuing well after a record-long series of overnight interest rate hikes, meaning it's fueled in large part by the tax cuts.
The problem is on the SPENDING side. And YES, BUSH HAS SPENT TOO MUCH AND IS STILL SPENDING TOO MUCH.
But you can't make that argument and then turn around and try to spend MORE than HE does!!!!!
2007-07-11
07:01:31
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11 answers
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asked by
truthisback
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in
Politics