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

To: Tenchusatsu who wrote (467076)	3/28/2009 6:02:13 PM
From: steve harris	Respond to of 1575422

Bush set record tax revenue levels with his tax cuts. Arkansas is running a surplus thanks to democrats cutting taxes and bringing new industries in. billhobbs.com The corner ted and other socialists have painted themselves into isn't worth debating is it?

To: Tenchusatsu who wrote (467076)	3/29/2009 12:10:33 PM
From: tejek	Read Replies (1) \| Respond to of 1575422

Ted, > Go back and look at the facts.....revenues dropped off a cliff after the tax cuts were enacted. A 7% drop from 2001 to 2002, then a 4% drop from 2002 to 2003. That's not a cliff: In a billion dollar budget, 7% is a big drop and it continued to drop into 2004, and didn't recover to 2001 levels until 2005. That's nearly 5 years later. All the while, Bush Rs were increasing spending while Bush started two costly wars. So yes, I call that falling off a cliff in budgetary terms and very poor fiscal planning. By 2005, tax revenues already exceeded that of 2000. Not bad considering Clinton's dot-com bubble burst. The recession was so minor it hardly glanced a blow on the economy. Your "big dot.com bubble burst" was a non event.