Zeev's Turnips Talk Politics (ZTTP)

[Tom K]

Without the tax cuts this economy would be flat on it's back. When an economy is contracting, tax revenues decrease...EVEN IF YOU INCREASE THE TAX RATE! What's so hard to understand about that?

There two parts to the equation. Income and spending. RR proved lower tax rates could generate higher levels of federal revenue. Spending is the other part of the equation - everyone likes to give lip service to cutting it.

Kerry is trying to make everyone believe all he has to do is rollback the tax cuts on the top 1% and he'll be able to reduce the deficit, increase domestic spending, and give every American a government financed healthcare system. You know his math doesn't add up.