Bush cut the tax rate, and tax revenues increased. Supply side economics
obviously works,
Ever heard the old saying, 'Don't count your chickens before they're
hatched'? If it does happen, it'll be good news... not necessarily proof
that supply side economics works, but merely proof that the huge
increase in gov't expenditure under the Bush Administration *has*
returned some $$ to the overall economy, after all.
John Gaquin wrote:
It worked for the country under Kennedy
Maybe.
... it worked for the country under
Reagan,
Actually, it *didn't* work under Reagan. Reagan left the country with a
much bigger debt. However, he did grow the economy by increasing
expenditure... hmmm now where have we seen that before...
.. and now it is working once again for the country under Bush.
No, it is *projected* that the deficit *might* not be as big as once
thought.
That's like proclaiming the good news that your doctor told you, you
only have cancer on one side....
... Only
two categories fail to see it -- the obtuse, and those who need to retain
high taxes and a complicated tax code for punative nd social engineering
purposes.
Or those who are not quite convinced that Bush The Almighty is
infallible & perfect, and have a smattering of acquaintance with the
actual facts.
DSK
|