To: Golden Gate
the chart itself doesn't appear to pass the "5 millisecond attention-span" test, so I wouldn't worry about it.
8 posted on
02/08/2004 10:55:02 AM PST by
the invisib1e hand
(do not remove this tag under penalty of law.)
To: the invisib1e hand
Besides not passing the "attention span" test, it also fails to show what is causal related to deficits and/or unemployment. This chart shows 2 trendlines and attempts to explain unemployment based solely on government deficits -- if that were the case, Democrats (with their 3 straight decades of deficit spending) would have solved unemployment by the middle of Jimmy Carter's one and (thank God) only term in office.
Where is the trend line for GDP? And tax rates? And tax revenues? And what are the components of tax revenues? Those predicted surpluses at the end of the Clinton years: how much of those tax revenues were tied to capital gains taxes, which came to screeching halt even before Bubba left office (after the looting, pillaging, and pardoning were completed)?
This looks like Paul Krugman's kind of work, so assume it is a lie and just move on.
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