Tuesday, July 11, 2006

Bu&h still can't keep his lies straight about tax cuts

"Are you gonna believe what you see, or what I tell you?"

Economists and budget analysts outside of the administration have explained that these claims are not supported by data or economic theory.[3] Now a Department of Treasury analysis presented in the Mid-Session Review itself confirms what outside experts have consistently said — tax cuts do not come remotely close to paying for themselves.[4]

The Treasury analysis concludes that making the President’s tax cuts permanent — and paying for the tax cuts with future reductions in spending — may ultimately increase the level of economic output (national income) in the long run by as much as 0.7 percent. (An increase in the level of economic output of 0.7 percent — the Treasury’s best-case scenario — in 20 years would represent an increase of about 4/100ths of one percentage point in the annual growth rate of the economy.)

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6 Comments:

At 8:04 PM, Blogger Dsmith said...

WOW !! What a great blog !! You post other people's intellectual property....apparently you have none of your own. By the way, Sinclair Lewis was an agnostic....I'm sure you knew that though. Lewis' opinions on christians are as helpful as a communist's opinion on a capitalist. Your blog is a joke.

 
At 8:09 PM, Blogger ChristianLibrul said...

What on Earth makes you believe I care what you think?

 
At 8:13 PM, Blogger Dsmith said...

You obviously have your fingers crossed that someone cares...you obviously put alot of time into a blog that receives ZERO comments....until I came along.

 
At 8:24 PM, Blogger ChristianLibrul said...

"Alot?" Go back to Fourth-grade Grammar Class and learn to spell. Then maybe someone will take your snivvlings seriously.

 
At 8:56 PM, Blogger Dsmith said...

Snivvlings???? Try again Fitzgerald !!

 
At 9:13 PM, Blogger ChristianLibrul said...

"Alot?" Try again, Bluto. You need serious work on your spelling AND punctuation. Pt dwn tht GmBoy n Blkbry n lrn Nglsh th way ur prznit wnts u 2.

 

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