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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (686860)12/2/2012 12:00:00 PM
From: i-node  Read Replies (3) of 1582887
 
>> In both cases you cite revenue dropped and then resumes from a lower base line. So the bottom line is the fed lost money and the debt increased dramatically in each case.

In both cases we were dealing with huge recessions created under their predecessors and in addition, under GWB, 9/11, the greatest economic catastrophe in modern times. Yet, within two years revenues were back ABOVE the previous baseline.

What I said certain IS true. Revenues increased following the tax cuts. It is not even borderline reasonable to claim otherwise. You're just arguing with the facts.

One need only look at the following to see that the debt increase under Barack Obama, which started THE INSTANT he took office, has outpaced any since Carter:



I just cannot imagine how it is that liberals continue to deny that Obama is the cause of our debt being out of control. It couldn't be clearer -- the debt shot up in 2009 right as obama took office and has gone through the roof ever since.
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