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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (353468)10/3/2007 3:00:20 PM
From: combjelly  Read Replies (1) of 1578108
 
"Federal revenue does not equal economic activity, and increases in federal revenue to not equal economic growth"

No, it doesn't. But a tax cut, combined with a large amount of deficit spending, does equal a major economic stimulus. The deficit spending started pretty much immediately after Bush took office. The tax cuts soon followed. Yet the economic activity didn't exceed the high of 2000 until well into 2004.
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