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Monday, February 27, 2017 8:08:59 AM
I was being more concrete - as in no money moves from the Treasury to FHFA/F and F at the end of the NWS
and yes - increased economic activity creates higher GOV tax income
we have seen - with natural experiments (RR GB SBrownbeck) that supply side arguments (a tax cut produces offsetting income so there is no deficit) are not accurate and the deficit increases even though the portion of tax cuts aimed at the 90% do stimulate the economy that year
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