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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (8540)	5/27/2009 3:03:19 PM
From: TimF	Read Replies (1) \| Respond to of 86356

Not at all. The spending increase was larger than the tax cuts. Tax revenue was not cut by a trillion a year even if you use static scoring. Spending increases where the largest reason for the deficits, and the majority of the spending increases was increased spending on entitlements. (In other words if you don't take account of the positive effects of tax cuts and the fact that changing a tax by x% will not normally result in a change in revenue by the same amount. Cut taxes by x% and revenue decreases by less than x%, raises taxes by x% and revenue increases by less than x%)