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

To: tejek who wrote (879577)8/12/2015 12:37:00 AM
From: i-node  Read Replies (1) | Respond to of 1576600
 
>> According to Richard Kogan and Matt Fiedler, "the largest costs — $1.2 trillion over six years — resulted from the tax cuts enacted since the start of 2001.

Which is why revenue increased substantially in years following 2003 as a result of those cuts.

What you know about economics would displace a Quark.



To: tejek who wrote (879577)8/13/2015 1:33:16 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1576600
 
Ted, take a look at the following graph:



The deficit reached a local maximum of $400B around 2004, then went down to below $200B before 2008 when tax revenues fell off a cliff.

Even now, with the deficit "only" at $450B, it's still higher than it was in 2008, and we're supposedly in a booming economy with the Dow and the Naz at all-time highs.

This is the "new normal."

Tenchusatsu


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