mysteryman wrote:ci,
Your own graph shows that federal revenues have skyrocketed since the Bush tax cuts.
Even you cant deny that.
'Skyrocketed?' Not really. The rate of growth is not significantly higher than other expansionary periods. And the amount of debt
has skyrocketed. Due to compound interest, this more than invaldiates any large gains in the rate of federal revenues - so much more is going to pay for the interest now, it's scary.
Quote:
The problem is,spending has also gone up,on that we agree.
But,the argument that federal revenues have not gone up has been shot down by your own post.
Federal revenues have not gone up more than in any other expansionary period, and for several years they didn't rise at all after the first round of Bush tax cuts.... if you want to own '06 and '05 as good years, you should own up to earlier bad ones too.
Cycloptichorn