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To: shoff

In short, the article is wrong. Here is a two page summary of the past ten years,

http://www.cbo.gov/ftpdocs/121xx/doc12187/ChangesBaselineProjections.pdf

Changes in interest payments alone cost almost as much as the Bush tax cuts.

There is a legitimate criticism of the Bush Tax Cuts. The problem with them is that they did not create the amount of economic activity that Bush said they would. For instance in 2003 EGTRRA and JGTRRA (BTC’s) cost about $236B. Changes in economic projections cost us $308B.

I’m working (low level and only when I feel like it) on a vanity post to lay all this stuff out with links and percentages and the like.


62 posted on 07/24/2011 7:23:22 PM PDT by MontaniSemperLiberi (Moutaineers are Always Free)
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To: MontaniSemperLiberi

Bush tax cuts raised government revenues to a record 2.57 trillion dollars annually.

That’s all the tax cuts needed to prove. They more than did that. Economic growth is all that matters as a prospect for solving debt.


65 posted on 07/24/2011 8:28:04 PM PDT by lonestar67 (I remember when unemployment was 4.7 percent)
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