Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Some Guy)   We can accuse the Bush administration of spinning budget projections all we want, but the fact is that revenue has gone up 13% in 2006, exceeded in the last 25 years only by the 15% rise in 2005. The Laffer Curve laughs   (article.nationalreview.com) divider line
142
    More: Cool  
•       •       •

681 clicks; posted to Politics » on 15 Jul 2006 at 9:02 PM (16 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



142 Comments     (+0 »)


Oldest | « | 1 | 2 | 3 | » | Newest | Show all

 
Gosling
2006-07-15 5:15:05 PM  
Spending's gone up even faster.
 
bboy
2006-07-15 5:16:44 PM  
George Bush: Great President? Or the Greatest President?
 
brazil
2006-07-15 5:17:21 PM  
and Democrats will still want to raise taxes because they hate for people to make lots of money and they pander to 'class' warfare. fark 'em.
 
Sensei Can You See [TotalFark]
2006-07-15 5:17:39 PM  
You mean if the government puts more money in circulation, people will actually spend it on fripperies like, oh, I don't know, food and clothing--and tax revenues will go UP?

Amazing.
 
Action Replay Nick
2006-07-15 5:18:17 PM  
YES! Hail Bush! Hail progress! I wish I could vote +1 for this link a million times! Suck it libs!
 
Sensei Can You See [TotalFark]
2006-07-15 5:18:40 PM  
brazil: Democrats will still want to raise taxes

They'll also be crying in their champagne because they won't be able to campaign on the deficit much longer.
 
Doggie McNugget
2006-07-15 5:19:28 PM  
Whoever the daily NRO spammer is wisened up and stopped using to NRO tag. Now it's not so obvious that we're being freeped.
 
Sensei Can You See [TotalFark]
2006-07-15 5:19:42 PM  
Gosling: Spending's gone up even faster.

Yeah. I do hope the GOP will get the message that people are tired of them spending like drunk sailors. Still, it's good news that revenue is pouring in so fast.
 
EatHam [TotalFark]
2006-07-15 5:20:46 PM  
Gosling: Spending's gone up even faster.

I don't think anyone's going to argue that point.
 
kronicfeld
2006-07-15 5:21:39 PM  
We can also correlate HUGE government spending with economic progress, right? Socialism huzzah!
 
DentedCan
2006-07-15 5:22:15 PM  
Crap. Their goes a page from the liberal playbook. Of course, that leaves them Katrina, corporate corruption, consitutional infractions, a global war on 2 major fronts, a social security system that's still sucking wind (though GWB campaigned on a plan to fix that).

I could list their ranting points all day. It won't stop the Pelosi's and Kerry's for even a moment.

/Politicians suck.
//Vote Drew Curtis in '08
 
Sensei Can You See [TotalFark]
2006-07-15 5:22:17 PM  
Doggie McNugget: Now it's not so obvious that we're being freeped.

Yeah. Especially when they have the nerve to post factual info. Doggone them.
 
Axion22
2006-07-15 5:23:25 PM  
How much of the revenue is derived from the increase in oil prices?
 
Action Replay Nick
2006-07-15 5:23:32 PM  
The CraneMeister
They'll also be crying in their champagne because they won't be able to campaign on the deficit much longer.

Tell me about it. This sliver of good news COMPLETELY NULLIFIES all complaints the stupid libs could ever make about the billions of dollars in debt spending year after year or the nearly 4 trillion dollars added to the national debt since Bush took office.

HAHA! Suck it libtards, there go all your talking points! BWAH HAHAHAHAHAA!
 
hillbillypharmacist
2006-07-15 5:23:40 PM  
brazil: and Democrats will still want to raise taxes because they hate for people to make lots of money

Paging strawman, strawman please come to the thread to defend yourself.
 
DrJesusPhD
2006-07-15 5:24:21 PM  
WThe size of the bulge was ably documented in a Wall Street Journal editorial
 
kronicfeld
2006-07-15 5:24:29 PM  
Real wages, real dollars, etc.

Rah, rah team, though, guys.
 
Mr. Three
2006-07-15 5:24:34 PM  
I was promised hovercars and moonbases.
 
Snowflake Tubbybottom
2006-07-15 5:24:34 PM  
The CraneMeister: Yeah. I do hope the GOP will get the message that people are tired of them spending like drunk sailors. Still, it's good news that revenue is pouring in so fast.


Being a republican I can say for certain the next guy I vote for had better rein in the spending.

What we really need is a constitutional amendment to cap spending at 98% of revenue until the national debt is paid off. That'll keep the greedy pork bastards in both parties in line and actually do something positive for the country. We can start by freezing all federal wages above $35k for ten years or so.
 
Abagadro
2006-07-15 5:26:07 PM  
Now ask yourself why the revenues were so low that an increase (which happens every year BTW) equals such a huge percentage. Asserting a causal argument that the tax cuts created more revenue as evidenced by a percentage increase in revenue is actually tautological.
 
Fnord
2006-07-15 5:26:34 PM  
[image from img89.imageshack.us too old to be available]

Meh.
 
brazil
2006-07-15 5:26:46 PM  
hillbillypharmacist: Paging strawman, strawman please come to the thread to defend yourself.

so by leaving out the rest of my statement, you're admitting that it's all about class warfare.
 
hillbillypharmacist
2006-07-15 5:28:05 PM  
brazil: so by leaving out the rest of my statement, you're admitting that it's all about class warfare.

Yes, that's exactly correct, by leaving out the rest of your quote it can be deduced that I, along with all Democrats, hate the rich.

*rolls eyes*
 
brazil
2006-07-15 5:30:09 PM  
hillbillypharmacist: brazil: so by leaving out the rest of my statement, you're admitting that it's all about class warfare.

Yes, that's exactly correct, by leaving out the rest of your quote it can be deduced that I, along with all Democrats, hate the rich.

no. i deduced that you did not hate the rich. thus your class warfare was simply cynical vote pandering to the poor and ignorant at the expense of the people working hard for a living.
 
simsite9
2006-07-15 5:30:48 PM  
Great, slightly less failure.

/the soft bigotry of low expectations, indeed
 
Action Replay Nick
2006-07-15 5:31:35 PM  
brazil
simply cynical vote pandering to the poor and ignorant at the expense of the people working hard for a living.

You tell 'em. Everyone knows the poor don't work hard. That's why they're poor, DUH!!
 
brazil
2006-07-15 5:35:16 PM  
Action Replay Nick: You tell 'em. Everyone knows the poor don't work hard. That's why they're poor, DUH!!

a mix of lazy, stupid, ignorant, and unfortunate. in varying mixes. just as all the wealthy are not virtuous, neither are all the poor.
 
Last One Left
2006-07-15 5:35:47 PM  
It's time, in other words to celebrate. The supply-side Bush tax cuts of 2003 worked.

From the Economist:
Tax cuts cannot be given all, or even much of the credit for today's strong revenues. Tax receipts often rise faster than the bean counters expect during cyclical expansions. Since budget forecasting is more of an art than a science, revenue "surprises" are common.
...
All told, Mr Bush's tax policy may have played a modest role in boosting a temporary revenue surge. But that is very different from suggest, as the White House does, that tax cuts were the main cause or that they permanently pay for themselves. Most serious economists have long laughed at the idea that Mr Bush's tax cuts raise revenue. Now, it seems, the president's own boffins agree. Deep in the Mid-Session Review is a claim that the Bush tax cuts could eventually raise the level of GDP by 0.7%, a relatively modest effect and one that itself depends on the tax cuts being financed by lower spending.
 
hillbillypharmacist
2006-07-15 5:35:48 PM  
brazil: i deduced that you did not hate the rich. thus your class warfare was simply cynical vote pandering to the poor and ignorant at the expense of the people working hard for a living.

So if Democrats want to keep higher taxes for the most wealthy Americans, we're trying to spend the money of people working hardest for a living?

Or somehow, I'm voting to hurt myself in the form of taxes in order to help myself... or something?

Your ideas are intriguing, but I certainly don't understand them, and I believe it might be the case that you don't, either.
 
2wolves [TotalFark]
2006-07-15 5:35:53 PM  
Guckert is on Fark?

Who knew.
 
Sensei Can You See [TotalFark]
2006-07-15 5:37:45 PM  
Fnord: Meh.

I just LOVE all the political Excel charts being posted these days.

[image from i109.photobucket.com too old to be available]
 
brazil
2006-07-15 5:38:03 PM  
hillbillypharmacist: Or somehow, I'm voting to hurt myself in the form of taxes in order to help myself... or something?

who said that the political ideas of democrats should yield to logic?
 
sugarpop
2006-07-15 5:38:16 PM  
Axion22: How much of the revenue is derived from the increase in oil prices?

The federal tax on gasoline has not been raised in nearly ten years, so I'd say not much.
 
Brettster808 [TotalFark] [OhFark]
2006-07-15 5:38:30 PM  
Well, this changes everything.
 
me texan
2006-07-15 5:40:34 PM  
Good news, now let's get those extra tax dollars from increased revenue to work and pay off some debt.

I never liked Clinton so much, but God bless em' he did get some debt knocked down.

This president needs to declare a new war that we can all get behind: the war on our nation's debt and spending.

The next conservative to run damn well better do that too or he/she won't get my vote.
 
Teekno
2006-07-15 5:41:50 PM  
me texan: I never liked Clinton so much, but God bless em' he did get some debt knocked down.

If there was any benefit to a Democratic White House and a Republican Congress, by God, that was it.
 
hillbillypharmacist
2006-07-15 5:42:10 PM  
brazil: who said that the political ideas of democrats should yield to logic?

Maybe it's just that roughly half the nation are undiagnosed schizophrenics.

How can you say the Chinaman mows his lawn at midnight? The vampires are watching!

/get out of my head
 
Action Replay Nick
2006-07-15 5:43:00 PM  
I can never praise Bill Clinton at all. He killed Vince Foster.
 
brazil
2006-07-15 5:43:17 PM  
hillbillypharmacist: Maybe it's just that roughly half the nation are undiagnosed schizophrenics.

i'd put that number higher
 
Snowflake Tubbybottom
2006-07-15 5:44:38 PM  
Action Replay Nick: I can never praise Bill Clinton at all. He killed Vince Foster.


No it was suicide. Of course you would too if you had had an affair with Hillary. Then again it just could have been another Ron Brown "accident".

/feeding the conspiracists
 
Action Replay Nick
2006-07-15 5:45:39 PM  
And also, he had all those good Christians in Waco massacred.
 
hillbillypharmacist
2006-07-15 5:45:43 PM  
brazil: i'd put that number higher

65%-70%?
 
Teekno
2006-07-15 5:46:28 PM  
Snowflake Tubbybottom: No it was suicide. Of course you would too if you had had an affair with Hillary. Then again it just could have been another Ron Brown "accident".

No, it was self-defense -- just like when Clinton killed Elvis.
 
Dancin_In_Anson
2006-07-15 5:46:38 PM  
Shiattiest news I've heard all day.
 
brazil
2006-07-15 5:50:56 PM  
hillbillypharmacist: 65%-70%?

probably
 
xiaodown
2006-07-15 5:52:41 PM  
This article just isn't complete enough to make this kind of generalizations.

If that graph posted above is correct, then revene over 10 years is up something like 1%, but over one year is up the stated 13% due to the fact that it was WAAAAY DOWN before it went up. Trends over time are much more effective, thank you.

Not to mention that there are more people in the United States. Every year, more people are paying taxes because there *are* more people to pay taxes. Kids grow up and get jobs. People graduate from college and enter the workforce.

Also take into account: Are these numbers adjusted for inflation? Compared to ten years ago, your dollar buys a lot less - the inflation rate cumulative over the past 10 years is something like 18%. Combine this with the fact that America a few years ago got ourselves into a cycle of conspicious consumption with the High-Def TV's, and the SUV's, and that people are spending their last dollars to keep up with the Jonses - personal savings are way down.

The jobs market still has no where near the numbers it had when Bush took office, unemployment is up, and the jobs that are created pay less than the jobs they replaced.

The average family cannot afford to buy a home near work, because work is in the city and the houses are $600,000, but then the average family can't afford to buy the $250,000 house in the suburbs, either, because at 45 miles a day, $3/gallon piles up pretty quick. But the average family can't work for a company out in the suburbs or rural areas becuase they don't offer healthcare, and the cost of paying for your own healthcare has skyrocketed in the past 5 years (while the quality of service has gone down). Not to mention, they don't pay enough to cover the cost of the student loans the family is trying to pay off, because the cost of tuition at their public university tripled since 1999, due to budget cuts for education.

Don't sugar coat it, submitter. Those of us in the lower-middle class are not rolling in cash thanks to the tax cuts. We're scraping by.

~X
 
me texan
2006-07-15 5:53:24 PM  
Action Replay Nick
 
And also, he had all those good Christians in Waco massacred

those were dark and terrible days down here in Texas. We all knew Clinton only did that as a pretext to invading our soverign country. Koresh did the only thing he could to save Texas from the emminent invasion and elected to DIAF rather than let that pinko commie's plans go forward.
 
Action Replay Nick
2006-07-15 5:55:39 PM  
Will this increased revenue be used to build more things that blow up brown people in third world countries? I sure hope so, my Lockheed-Martin investments could use a boost.
 
Teekno
2006-07-15 5:56:27 PM  
xiaodown: But the average family can't work for a company out in the suburbs or rural areas becuase they don't offer healthcare

The hell? You ever work in a rural area?

Companies out here in the sticks offer health care too. It's not the location of a business that determines whether it offers benefits, it's the size.
 
7of7
2006-07-15 6:03:26 PM  
Teekno: It's not the location of a business that determines whether it offers benefits, it's the size.

Doesn't the location to some extent determine the size? I know there are some things like Google's crap plex in the Dalles, but around here anyway the farther away from Boise you get the fewer large businesses there are.
 
Displayed 50 of 142 comments


Oldest | « | 1 | 2 | 3 | » | Newest | Show all



Redisplay/refresh comments
This thread is archived, and closed to new comments.

Continue Farking

Can't get enough Fark in your life? Try

TotalFark

More threads. More community. More Farking.

learn more | sign up
On Twitter

  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.