Even the New York times is forced to print some good economic news. Budget deficits are declining much faster than predicted due to "unexpectedly steep rise in tax revenues from corporations and the wealthy." Why this is "unexpected" is a mystery, considering that the Treasury has been reporting some record daily receipts throughout this year.
Of course the Dems will try to put a negative spin on this news that would not be suppressed but next time you hear someone spouting doom and gloom about the economy or raising taxes remind them of this.
How many times must supply side economics and lower taxes be vindicated before the stubborn Donkey party give up on its "soak the rich" philosophy?
1 comment:
I heard a good one on "Glenn Beck". He was talking about this NYT article. A fellow called in and said that the NYT Reporters and the Economists they use simply need to play his old video game, "Sim City". My son has this game too. The way it works is; you're a Mayor of a large city and you must keep things going and working. If you lower taxes the city flourishes and revenues begin to pour in. If you raise taxes, riots and murders occur, things catch fire, employees quit, businesses leave town, etc.
How hard can it be to understand? : )
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