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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (114755)	6/6/2012 9:57:51 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

You are mixing up cause and effect. Was it the tax decreases that caused the increase in tax revenues? Or was it the real estate bubble created by the Fed holding interest rates too low for too long. With 20/20 hind sight the evidence points to the real estate bubble being the proximate cause of the increase in tax revenues, NOT the Bush tax cuts. You'll note that the size of the two Bush tax cuts along with the size of the military expenditures for war drove deficits relentlessly higher under Bush. So I stand by my statement. There is no reasonable basis for this ludicrous idea that lowering taxes will increase tax revenues.