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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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To: remember

How can you say that when the chart simply shows federal revenues and outlays?

I bring your attention to the increase in tax revenues as a percentage of GDP arising from the '97 tax rate increases and reversal of many of the productivity & investment incentives of the '86 tax reform package.

The '97 tax package essentially reversed the factors that set economic growth on its 90's trajectory.

It sounds to me like you're seeing what you want to see.

No I'm just look at it with knowledge of the factors that make for all those ups and downs.

159 posted on 05/30/2004 8:53:10 AM PDT by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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