Quote Originally Posted by nynco View Post
time and time again......... really?

Because all the data shows that we had were paying off our debt during the 60s and our debt exploded during the time of lower taxes. As to the small uptick in revenue. Well that is because we borrowed to cover our costs. This thread is about our debt problem. So unless you figure out a way to cut taxes and spending and show how we can do that well......... that won't happen.

Voodoo economics failed........ look at our debt.
Again you have failed to look at real numbers and how people behave with their money in the real world. Here's the graph of Tax Revenue as a Percetage of GDP again. Even when the marginal tax rate topped out over 50%, the government never captured more than 20% or GDP. Also notice how revenue went UP after lowering taxes in 1986 and up again after lowering taxes in 2003! That's not voodoo, those are numbers you can't argue with.

The debt has exploded because of the failed belief in Keynesian economics and government getting too big. There's real "voodoo" economics!