@ Final Fan
Er, you should probably recheck your math. Really this is becoming tiresome. Using your dubious methodology Republicans would be responsible for -84 to the Dem’s -104 (and in my way of thinking, neither are “nice”). Even if you replace each of the years of 42-45 with the population average all it does is bring it to a tie. But then that only matters if you buy into the convenient assumption that WWII is the only military build up that should be discounted. The arms race with the Soviets counts for nothing? Not even the current war on Islamist extremists? Of course not! Why, that might shift the numbers in the wrong direction. While the US has not fought a conventional war in over half a century, it’s only conventional wars that count in this modern era!
But wait, it doesn’t stop there! Is it really necessary to further reduce the population of data into even smaller segments and risk amplifying other possible anomalies? Will you just continue to carve it beyond recognition until it produces the desired result? Why not just cut to the chase, focus on the last 4 years and call it good? Do you not have any integrity at all?
I call you out for using a deceptive correlation to prove your naïve world view but rather than manning up to it, you dig yourself deeper and deeper into a hole. I am usually critical of those who lazily throw out Wikipedia charts to “prove” their wild claims, but maybe it would be best for both of us if you went back to that old standby.
Oh, and you need another D in 2003.
Your “research” doesn’t cover Europe yet you are “wholly unconvinced” that their lessons might not be applicable to the US? Seems like you’re convinced of a great many things your research does not cover. Seems arrogant in my book, but whatever helps you sleep at night. I mean really, why would we ever want to test a hypothesis at another location? Oh I get it, who needs to test it, when we already know all!
Your chart shows a drop in revenues just as the economy was going into an economic slump. Are you not the least bit suspicious of that? Frankly, only a portion of Bush’s 2001 tax cut had any real immediate impact. Most of the tax rate reductions would not occur until ‘04 and ’06. The phasing in of the death tax repeal was heavily weighted to year 10. Notice how your own source references 04 and 06 in relation to the 2001 tax cut when detailing what they believed revenues could have been had there been no cuts (and do you really think Charlie Rangel and Co has a clue what the economy would have looked like, for good or bad, had the tax cut not been passed? Give me a break). And yet you would have everyone believe that the ‘01 tax cuts drove the revenue declines in 01-03? I think most would agree the 2003 tax cut was far more potent than the 2001 cut because it accelerated much of the ‘01 legislation and relied less on Keynesian rebates and credits. So we come off of an economic slump, a painful attack on our homeland, and skyrocketing fuel costs (most would say those are not helpful to the economy), but tax revenues are in line with the historical rate versus GDP by 05/06? What am I missing? Am I to presume you would have advocated tax increases in the face of those difficulties? The tax cuts were right. It was reckless spending that was wrong.
In what way have I forgotten what the fundamental issue is? I attempt to respond to each of your confused assertions yet I am being negligent? I have reiterated time and time again that cutting huge swaths of government with a chainsaw is the way to go. But by your logic, it would be perfectly acceptable if the government doubled in size so long as the tax brackets double along with it. I’m not asking about Joe voter. I’m asking about you. Would you be willing to slash government or do you just have an affinity to tax hikes. Show a little backbone and take a stand rather than hide behind some position of indifference so long as the grandkids don’t need to sell the farm to make the first month’s interest payment on Uncle Sam’s T-bills. Tell me, just how burdened are you by the debt levels that your grandparent’s sent to 109% of GDP? It’s not as if they did much to pay it down. If you are so worried about obligations placed on future generations, social security would be a nice item to add to your “research”.
It’s really an enigma to me why you would invest any time defending tax increases. Assuming it is not because you are a defender of big government (though I wonder), my guess is it’s because targeting tax cuts is simpler and if you did make passionate calls against wasteful spending many in your own party would be caught in the crossfire. I have no such allegiances to get hung up on. Spending not only contributes to the debt you are so worried about, but it has the additional injurious effect of interfering with people’s lives. Tax cuts, on the other hand, break down barriers to economic expansion and encourage more rational deployment of capital. Even the ex-communists in Russia realized this when they slashed their tax rates in favor of a flat tax. Suddenly tax shelters had less value than they did before and revenues went up. Go figure. (Oops! An example from outside the US. Please disregard.)
I don’t really care about your caps lock. It was your profanity that seemed misplaced. I’m not being Pollyanna about it. It just comes across as ignorant.
Ah, you want to debate the merits of the “starve the beast” theory. There is certainly nothing sacrosanct about it. By itself it is worthless, but it can be used to productive ends. Depends on who wields it (alas, the last Republican Congress was not a good example in this regard). To me it’s much too difficult an issue to define as there are too many moving parts. Human nature plays some role either way, and who wants to get into that? But the effectiveness of starve the beast seems moot to me as I would say tax cuts can be appropriate, and even necessary, whether they be matched by spending cuts or not (though I would always choose both if given the option).