Current Events — HabitableZone

Current Events » in reply to Re: It's the spending AND tax cuts

Re: Re: It's the spending

Your graph is of tax RATES, and has little to do with overall revenue. Part of the liberal religion is, of course, that extremely high tax rates will bring in extremely high revenues. This has yet to happen in the real world.

By your theory, according to the graph you posted, the 1970s should have been endless years of surplus, and the 1990s gigantic deficits. Real world? Exactly the opposite.

You want a graph? Here's a graph, in inflation-adjusted dollars:

http://www.theneweditor.com/uploads/FederalSpending.jpg

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