Quote:
Originally Posted by aceventura3
Wrong about what?
I gave some specific regarding my problems with his article, including the primary problem regarding the argument against Bush tax cuts - that taxes collected started to rise after the cuts. The deficits were due to spending rising at a faster rate than taxes collected. Krugman's presentation was misleading at best or simply dishonest given his credentials. Sure we can argue taxes collected should inherently go up with economic growth returns, but there taxes collected are currently declining in spite of GDP growth.
Here is a link to a chart showing the trend:
Federal Government Revenues Have More Than Tripled Since 1965 |
First- I see no point in restating what RB has posted above.
Second- We're really at end game with your position on PK and mine. I see no point to continue disagreeing. I've already agreed to disagree. I mean honestly I have better things to do then read through something put out by the Heritage Foundation.