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Originally posted by DarthMuerte
The huffington post is a liberal rag. CUT SPENDING! That can reduce the deficit. If you charge too much on your credit cards, what do you do? Ask for a raise? Maybe, but you also cut spending.
The second, and more critical conclusion from Table 1 is that the next four years of the Bush Presidency after the 2003 reduction in tax rates saw a 44% increase in Federal tax revenues from $1.782 trillion to $2.568 trillion. That’s correct – a 44% increase in revenues after the so-called “tax break for the wealthy.”