Wii sales dropping down in US. Why?

[famousringo]

sinha said:

famousringo said:

 

Yeah, I wouldn't go looking to the White House for accurate economic data. "Real After-Tax Per Capita Personal Income Has Risen" is code for "Bush made a lot of tax cuts." Given that those tax cuts are a major reason for the huge deficit in the huge US Federal budget...

Yeah, the government just makes up everything dood! Diebold Halliburton Enron Katrina Guantanamo 9/11 conspiracy!

From the 07/16/07 Economist: "Yet they have one weapon: the surprising strength of tax revenues, which have cut the budget deficit far quicker than anyone expected. The latest projections from the Congressional Budget Office show a budget deficit perhaps as low as $150 billion (though it could be as high as $200 billion) at the end of the year, just over 1% of GDP—less than at the end of Mr Clinton’s first term."

I can't find the graph online but the CBO predicts the budget deficit will shrink dramatically over the next 3-4 years because of increased tax revenues.

B-b-but tax cuts by-definition evil right?? Jon Stewart said so on the Daily Show and he was totally sarcastic and pretentious and the audience laughed at his snarky comments so it must be true. A tax cut leading to... econmic growth... increased tax revenues... deficit reduction: that's unpossible! Unprecedented in the annals of economic history!

Again, why are people discussing economics in a video game forum? But as long as they are... people should go subscribe to The Economist and rent The Commanding Heights. But if you're not an expert you can always leave the economics to U of Chicago Nobel Prize Winners.

You're a pretty rabid little attack dog aren't you? Any other words you'd like to put in my mouth or straw men you'd like to push over? 

 Nobody said anything about tax cuts being evil except you. Nobody mentioned Katrina or 9/11 except you. You completely ignored the point of the text you quoted, which was simply that real wages and after-tax real wages are two different things, the main difference being that after-tax real wages are more effected by changes in tax rates than actual changes in wages. That 11% percent number looks really good, which is why the White House published it, until you realize that it's just borrowed money which will eventually have to be paid back with taxes.

Tax cuts can be great for stimulating the economy, depending on how they're made and the general economic situation, but they don't always work, especially if you can't afford to sustain them.

 That's all I have to say about that. If you'd like to argue against more of your imaginary opponents, go right ahead.