tax cut deficit myth

[Sgt. Baker]

If anyone cares to read more about economics.



http://online.wsj.com/article/SB10001424052748704738404575347302831199046.html

 

[|3illy the |&lt]

Pretty dumb article....no one I know claims the tax cuts are 100% responsible for deficits. But even this article suggests that they do cost a large chunk of money.

 

[Surefire]

It's the first line of the article.

 

[Off]

derp ditty derp derp

maybe tax cuts should = cut your budget?

 

[Voltekker]

DO YOU MISS ME NOW ? - G.W

 

[huntz0r]

Tax revenue went up steadily all through the Bush years. Spending went up astronomically. It's silly to then say, "well if only tax revenue had been allowed to go up astronomically..."

Given that income tax really has nrabroad
hing to do with people getting mortgages, I have a hard time seeing why you would expect tax cuts to have an effect on the bubble. The economy was actually doing pretty well from 2003 up till the housing crash, it's just that a very large portion of the media was being all retarded trying to make out like it was in the crapper (omgz 5.6% unemployment!!!1 )