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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (225819)3/23/2005 1:47:25 AM
From: tejek  Read Replies (2) | Respond to of 1572364
 
Bush cut taxes, mostly to the wealthy. So revenue has declined dramatically as a percent of GDP. Both the revenue and the spending side have caused the deficit.

I know it doesn't fit your dogma, but you have to face facts.

Yup. The rich were supposed to buy more things from all the cuts in their taxes which, in turn, was suppose to cause a spurt in investment. For some bizarre, off the wall reason, it didn't happen. Go figure!

ted



To: Road Walker who wrote (225819)3/23/2005 1:28:16 PM
From: TimF  Read Replies (1) | Respond to of 1572364
 
I know it doesn't fit your dogma, but you have to face facts.

Its not a fact, its an interpretation or spin, the alternate interpretation that revenue has been roughly static while spending has increased greatly so the deficit is caused by the spending increase is a valid one based on solid facts.

Tim


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