Quote Originally Posted by Dave Severson View Post
Oh yeah, there's that trickle down economics thing again--no one has yet explained why that will work this time??????????
I've explained it many times over the years, complete with links to Federal Government produced charts that showed the REVENUES that increased after each of the major income tax RATE cuts implemented by four different administrations. The quote I posted a few days ago that you denegrated the as "Trickle Down....." was from JFK, Aug. 1962...........yes, back when Democrats weren't spiteful toward the producers. For all the frequently repeated BS about "Bush tax cuts cause the deficit..." (now THERE is an actual talking point), the highest EVER revenue income year to the Federal Government was 2007! Revenues aren't the problem directly, it's spending in excess of the realistic revenues that actually causes debt increase.

Here's a paper that enumerates the concepts in considerable detail for those who are open minded enough: http://www.tsowell.com/images/Hoover%20Proof.pdf

Will this post end the silliness about "Tax cuts causing the debt"..............if history is prolog.............not likely............but the info is presented yet again in rebuttal to be ignore by all who are true idealogues.