Deficit Disorder
"Last week, President Bush put on a silly charade in which he boasted that better than expected revenue numbers for 2006 vindicated his tax cuts. As many news stories eventually pointed out (after first buying the charade), better than expected tax collections were largely a fluke resulting from an unusually strong stock market performance last year," writes Dean Baker. "No one, not even the Bush administration's own economists, is predicting that this uptick in tax revenues will be sustained. Claiming that a one-year upturn in tax revenue proves the success of the tax cuts is like arguing that global warming is not a problem based on a weeklong cold spell."
http://www.truthout.org/docs_2006/072006N.shtml
http://www.truthout.org/docs_2006/072006N.shtml
rudkla - 20. Jul, 23:26
