steven787 said:
It wasn't posted to prove you right. While fundamentally the statement that "tax revenue went up" is true, it doesn't compare well when you include GDP growth. Despite taxes being low, growth has been slow and tax revenues still do not keep up with them. The defecit is sickening. I have never seen such a bad annual defecit at the same time as real income going down. I got the Nominal numbers from the federal budget published every year all over the web. The real dollars I figured out with a calculator and a very generous CPI measure. |
This is why we are right and you are wrong. The numbers don't lie when accounting for the factors that you blatanly ignored in your analysis, or lack thereof.
You have yet to provide any evidence that the Laffer Curve is even accurate in the first place. It is a highly contested and criticized model for determining economic behavior, and has little real data to support it.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
