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Politics : PRESIDENT GEORGE W. BUSH
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To: Bald Eagle who wrote (492671)11/14/2003 3:05:44 PM
From: jackhach  Read Replies (1) of 769667
 
Tax cuts rarely if ever allow a government to increase its revenues. Look at Reagan -- the country had to borrow and borrow and borrow some more even though there was supposed REAL growth.

With large tax cuts -- the very next dollar available to tax is then again taxed at a lower rate and so you need SUBSTANTIAL growth to make up for the lost federal income.

PLEASE EXPLAIN how the debt went through the roof to unheard of levels during the "expansionary era" of Voodoo Reagan?

-JH
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