December 21, 2005

The Worst Economy Since Herbert Hoover

Yeah, right. Just take a look at quarterly GDP growth since the President handed out his "tax-cuts for the rich":

GDP.jpg

Not to mention 5% unemployment and a deficit shrinking every day from higher Federal tax revenues.

Now imagine if we made those tax cuts permanent?

Posted by: Gary at 02:28 PM | No Comments | Add Comment
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December 09, 2005

"Voo-Doo" Economics Increases Federal Receipts

For the third time since the early 1960's, drastic cuts in the marginal tax rates have produced more - NOT LESS - tax revenues, as demonstrated by the following chart just released by the Treasury Department:

revenue growth.jpg

Lower Tax Rates = Higher Tax Receipts = Lower Budget Deficits. Kennedy understood it. Reagan understood it. Bush understands it.

You see, this is how economics works in the real world as opposed to Paul Krugman's fantasy world.

h/t: Ace of Spades HQ

Posted by: Gary at 10:30 AM | Comments (1) | Add Comment
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