HabitableZone

Flame » in reply to You don't think "potential revenues" can be quantified?

I have never absolved Republicans (not just Bush) of their part in our bloated government.

But it's still the spending increases, not the tax cuts.

The tax revenues in 2007 (2005 dollars) would have been enough to put every Federal budget prior to 2005 in surplus. The revenues in the crummy economic year of 2011 would have done the same for every budget prior to 2000.

If we were spending no more than we were at the end of Clinton's presidency, we would be in a surplus right now.

But the spending increases never stop.

Here's a washington Post estimate of what the Bush tax cuts "cost" the government over ten years.

Bottom line in the article: $1.3 trillion.

Again, the deficit for 2012 alone was about $1.2 trillion.

Now what?

All these memes depend on people desperately avoiding looking at any actual numbers.

The Democrats are doing the wrong things to fix the economy. We need people who will do the right ones.

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