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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (546359)1/27/2010 4:45:21 PM
From: TimF  Read Replies (1) of 1575161
 
I'm not passing off anyone as an authority. I'm presenting facts and then crediting the person who presented them rather than plagiarizing them.

You shouldn't change your mind just because Keith Hennessey says something, but the facts demolish your idea that we have no serious issues with too much spending, that we can just tax the rich and everything will be ok.

while cutting taxes to the rich

The rates where cut, but so where loopholes, and also the lower rates gave less incentive to avoid taxes in cases when doing so would be costly, and/or difficult, and/or risky; so the rich paid MORE taxes not less.

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In that last post I missed including the last graph an its the crucial one



Notice how the program trends take us way beyond what the government's tax take has ever been post WWII, and even well beyond projections of a continued gradual increase in the federal tax take as a percentage of GDP.
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