I didn't say anything about who generated the spending. Nobody disagrees that spending went up enormously under Bush.
I said our country's problem is the spending, not the tax revenues, and it doesn't matter whose fault the spending was to make that true.
I used averages so that the cumulative effects would come through. You don't like averages? Okay, the U.S. all-time record high for revenues was in 2007. $2.41 trillion in 2005 dollars.
The lowest revenue year, 2009, was about $500 billion less. That "dramatic" enough for you?
Okay, now assume we were taking in that record $2.41 trillion every year from 2009 through 2012. Not "dramatically reduced" revenues.
What do you get?
2009 deficit: $763 billion
2010 deficit: $671 billion
2011 deficit: $716 billion
2012 deficit (est.): $802 billion
Obama's budget proposal assumes revenues by 2017 would be over $3 trillion. And the predicted deficit that year is still $470 billion.
You're welcome to play with the numbers yourself. I gave you the link.
Current Events » in reply to Blatant dishonety
Math is hard.
The whole thread (25 posts)
- Ready for Taxmageddon?
- The sky is falling, the sky is falling.
- Pretending again?
- Re: Pretending again?
- That will depend on what and grand bargain or tax reform looks like, now won't it?
- Let's give some of those things a try.
- Let's wrap this up
- You're not paying attention to the details of the tax hike.
- I'm fully aware of the middle class proporation
- Can we try to remember that deficits actually were at Bush-era levels during the Bush era?
- I'm fully aware of the middle class proporation
- You're not paying attention to the details of the tax hike.
- Let's wrap this up
- We should call their bluff.
- Let's give some of those things a try.
- That will depend on what and grand bargain or tax reform looks like, now won't it?
- Re: Pretending again?