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Politics : Formerly About Advanced Micro Devices

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To: RMF who wrote (788010)	6/6/2014 1:46:12 AM
From: i-node	Read Replies (1) of 1576346

>> His actions in wanting tax cuts certainly indicated that he didn't really want to use those surpluses to pay off the national debt. Can you provide any evidence that the tax cuts increased deficits? At all? Okay, I know the argument. There would have been more revenue. But there is no evidence of that. Without those tax cuts there is a real possibility we could have plunged into a deep recession in 2001/02/03. For that matter, we could have seen the 08 collapse in 02 -- all of the ingredients were there EXCEPT by cutting taxes (in 03, at least) it clearly stimulated growth. One can argue that the 01 cuts were improperly targeted and didn't generate the growth he had hoped for. But in 03 the cuts were targeted in the sense of true supply side. So, how do you know what MIGHT have happened without the tax cuts? That is the hole in the liberal argument, the source of the bogus charts trying to suggest that the tax cuts caused deficits. The reality is that there is not any historical evidence to suggest that tax cuts, within a relevant raise, increase deficits.

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