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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (202648)	5/16/2009 4:54:48 PM
From: Activatecard	Read Replies (2) \| Respond to of 306849

Maybe you are just too young to remember the 80s. President Reagan's budgets were DOA with Congress. Reagan's tax cuts did their part: "Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue." and "Revenues from individual income taxes climbed from just over $244 billion in 1980 to nearly $467 billion in 1990.5 In inflation-adjusted dollars, this amounts to a 25 percent increase." Alas, the Democrat Clowngress also did their part: "Federal spending more than doubled, growing from almost $591 billion in 1980 to $1.25 trillion in 1990. In constant inflation-adjusted dollars, this was an increase of 35.8 percent." Sorry about your revisionist version of history. You are correct in one aspect, "Stupid people can't tell the difference."