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To: remember

Note the sharp rise in revenues from 1993 to 2000.

Note the sharp rise in tax burden as a percentage of GDP, due to climbing tax rates, removal of business deductions and falling outlays acting as an extreme drag on a vibrant economy that ultimately collapsed it into recession by 2000.

Your chart does not provide any insight whatever on what real GDP growth or resulting tax revenues would have been without the dual hit of climbing federal burdens on the economy.

Judging from that chart, I would say the Clinton administration did everything possible to kill the Regean legacy of economic growth.

103 posted on 05/29/2004 6:46:36 AM PDT by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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To: ancient_geezer; Your Nightmare
Your chart does not provide any insight whatever on what real GDP growth or resulting tax revenues would have been without the dual hit of climbing federal burdens on the economy.

I never claimed that is showed anything but federal revenues and outlays, as a percentage of GDP.

Judging from that chart, I would say the Clinton administration did everything possible to kill the Regean legacy of economic growth.

How can you say that when the chart simply shows federal revenues and outlays? It sounds to me like you're seeing what you want to see.

152 posted on 05/30/2004 2:47:53 AM PDT by remember
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