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

To: Taro who wrote (305656)	10/8/2006 7:10:58 PM
From: Road Walker	Read Replies (1) \| Respond to of 1573927

re: On the few occasions when the media pay attention to the rise in tax collections, they scratch their heads and wonder where this 'surprising' and 'unexpected windfall' came from." No doubt where it came from, record corporate profits. Earned from huge increases in worker productivity without corresponding increases in wages. All enabled by special interest pay offs to corrupt politicians. And still the deficit increases because Republicans have no spending discipline. And the trade deficit sets new records as we borrow from China to fund ideological wars and SUV pollution. Yeah, things are going great Taro.

To: Taro who wrote (305656)	10/9/2006 2:34:02 AM
From: tejek	Respond to of 1573927

Laffer curve at work According to the Congressional Budget Office, the deficit for the past fiscal year dropped to $250 billion, below both the CBO's August prediction of $260 billion and OMB's July prediction of $296 billion. At 2 percent of GDP, the budget deficit is now well below the 2.7 percent average of the past 40 years. In the words of today's Wall Street Journal, "The main cause of the deficit decline – 90% of it, says White House budget director Rob Portman – is a tidal wave of tax revenue. Tax collections have increased by $521 billion in the last two fiscal years, the largest two-year revenue increase – even after adjusting for inflation – in American history. If you're surprised to hear that, it's probably because inside Washington this is treated as the only secret no one wants to print. On the few occasions when the media pay attention to the rise in tax collections, they scratch their heads and wonder where this 'surprising' and 'unexpected windfall' came from." Let me see.........the price of gas and oil unexpectantly drop precipitously; suddenly the budget deficit lessens and tax collections increase dramatically; contrary to the public's understanding Devon Energy makes an oil find in the Gulf that allegedly has a significant oil reserve; Bush plays nice nice at the UN and with the world; Musharraf and Karzai repeatedly sing Bush's praises........what's going on??? Oh yea, the midterm elections are coming up! Clever guy that rove! [TM ten]