Quote:
Originally Posted by Qbert
The only thing the Reagan tax cuts have done over the last 30 years is reduce Federal revenue to the point where we'll soon be borrowing more money than the annual GDP
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You do realize that Federal Revenue has gone steadily up and increased under Reagan?
Start here and work your way up through the years:
http://www.usgovernmentrevenue.com/yearrev1980_0.html
The problem isn't taxes my friend...the problem is govt. SPENDING.
Here is how much the govt. spends (2009 numbers)
Per actual day $10,958,904,110 $11 billion!
Per actual hour $456,621,005 450 million
Per actual minute $7,610,350 7 million
Per actual second $126,839 more than US avg salary
Dude..that is $126,839 PER SECOND. No way we could ever tax enough to pay for that.
Here is the spending numbers for 2012 (you can use the "negative" sign to go back through the years):
http://www.usgovernmentspending.com/...nding_2012USrn