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Author: willisworn Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2002  
Subject: Re: So, how about that Date: 11/2/2011 8:43 AM
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Whatever. No wonder CoL toys with you.


Yeah, Naj is a dork and this is a troll thread. He's also lying about the Bush tax cuts generating any sort of increase in Tax Revenue. Even Bartlett has conceded this:

http://economix.blogs.nytimes.com/2011/07/26/are-the-bush-ta...

Few people remember that a major justification for the 2001 tax cut was to intentionally slash the budget surplus. President Bush said this repeatedly during the 2000 campaign, and it was reiterated in his February 2001 budget document.

In this regard, at least, the Bush-era tax cuts were highly successful. According to a recent C.B.O. report, they reduced revenue by at least $2.9 trillion below what it otherwise would have been between 2001 and 2011. Slower-than-expected growth reduced revenue by another $3.5 trillion.

Spending was $5.6 trillion higher than the C.B.O. anticipated for a total fiscal turnaround of $12 trillion. That is how a $6 trillion projected surplus turned into a cumulative deficit of $6 trillion.


I came here to start a serious discussion about tax loopholes and you hacks started a bunch of nonsense.

No wonder the Fool sucks.
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