[rwrcpa1]

Then you haven't been paying attention to the news. Federal revenues have gone up in the last few quarters, while we had tax cuts in the last two years.

Are you sure you're on the right forum?

[Your Nightmare]

Then you haven't been paying attention to the news. Federal revenues have gone up in the last few quarters, while we had tax cuts in the last two years.

Post hoc ergo propter hoc.

If the increase in nominal revenues were due to Laffer Curve effects then there would be no difference in revenues as a percentage of GDP (i.e., same percentage of pie but from a larger pie), but that's not the case. Revenues in 2004 were 16.3% of GDP. In 2005, they are estimated to be 17.5%. So, it's not that the pie is getting significantly bigger, it's that the government is taking a bigger slice.

[lewislynn]

Then you haven't been paying attention to the news. Federal revenues have gone up in the last few quarters, while we had tax cuts in the last two years.

Ancient Geezer has disputed that many times on these threads... when it has suited him.

[lewislynn]

Oh yea, he even has one of his nice charts to prove you wrong...