Friday, December 09, 2005

Vodoo Economics???

I'm shocked, shocked. Lower taxes lead to higher growth and higher revenue. Who knew? See this chart for the evidence.

Now, if the Republican party of Newt Gingrich would come back and get hold of spending, the budget would be fine, even after paying for the war.


Blogger RaginCajun said...

Another way to look at this is by percentage of GDP. There are alot of influences and I wouldn't make any firm conclusions just based on two variables, but it does look like revenues as a percentage of GDP went up under Clinton, and outlays went down. Hard to tell from the labeling exactly how much.

11:21 AM  

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