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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (513190)9/15/2009 3:47:59 PM
From: i-node  Read Replies (2) of 1577796
 
But it takes a complete idiot to claim that a tax cut without a counter-balancing cut in the budget can result in anything but a deficit.

I'm astonished that this subject is over your head.

I don't know how many ways to say it. Here's the CBO take:



house.gov

Read this:

As Figure 3 shows, real revenue grew much faster in the Reagan recovery than in the Bush/Clinton recovery. Under Reagan, federal revenue, in inflation-adjusted dollars, grew at an average annual rate of 4.8 percent, compared to 3.2 percent growth under Bush/Clinton.[5] After six years of economic expansion, real revenues under Reagan (with tax cuts) grew a cumulative 32.6 percent. Even with two tax increases, Bush/Clinton revenues are projected to increase just over 20 percent in six years, a feat Reagan accomplished two years quicker.

You get that? CBO says this. Go argue with THEM you dolt.
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