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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (48659)8/8/2011 12:18:02 PM
From: TimF  Read Replies (1) of 71588
 
*and* spending was cut.

After a series of much larger increases.

And which is no evidence that the spending cut was harmful for the economy since taxes where increased, new types of taxes where imposed, the money supply was tightened, and new interventions in the economy where pushed through by government, any of which by themselves could be enough to push the economy down.
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