New CBO Report: Obama deficit HISTORIC!!!

[Polk]

LOL....

"Tinkle Down" morons still clinging to the "We would have gotten out of the recession faster if only we had cut more taxes"

You morons almost destroyed this country!

You brought us to our knees economicaly.......you can look it up, it was in all the papers.

We gave the republicans what they had asked for generations....free reign to implement their policies for six years....What did deregulation and tinkle down get us??

The largest recession in 70 years!

Thats why the republicans are a party in exile

Actually those six years were ones of increasing GDP, low inflation and low unemployment. Things began tanking when the Democrats took control of Congress.
You can Wiki that if you like.

GDP growth was higher during the Clinton administration and unemployment declined by 3.3 percent during his tenure (as opposed to increasing 3.8 during Bush's time in office).

 

[The Rabbi]

The tax cuts produced far more revenue than they were supposed to have cost.

Wrong.
Economic Growth and Tax Relief Reconciliation Act of 2001: 3.6 percent decline in revenue
Job Creation and Worker Assistance Act of 2002: 0.7 percent decline
Jobs and Growth Tax Relief Reconciliation Act of 2003: 2.5 percent decline
Working Families Tax Relief Act of 2004: 1.1 percent decline
American Jobs Creation Act of 2004: 0.4 percent decline
Tax Increase Prevention and Reconciliation Act of 2005: 0.8 percent decline

I dont know where any of that crap comes from or what it means.
Here is an actual article citing Federal tax revenue growth:
Federal Tax Revenues are Surging

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The tax cuts are working exactly as intended. Lower tax rates have increased the incentives to work, save, and invest, and as a result the economy has grown faster than projected. Tax revenues have always been more closely correlated with the rate of economic growth than with tax rates.
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By historical standards, Americans are now overtaxed. Total 2007 tax revenues (18.8 percent of GDP) and individual income tax revenues (8.5 percent of GDP) are well above their historical averages, and even above their averages in the 1990s.[4] Concerns that the Bush tax cuts would lead to a long-term shortfall of government revenues have proven false.
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After increases of 15 percent and 12 percent the past two years, tax revenues are projected to increase an additional 7 percent in 2007.
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The inflation-adjusted 2004-2007 revenue surge of 25 percent represents the largest three-year tax revenue surge since 1966-1969.
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At 2.7 percent of GDP, corporate tax revenues are at their highest level since 1979.
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A low take-up rate for telephone tax refunds also contributed to higher-than-expected tax revenues this year.
Tax revenues in 2007 are now estimated to be $70 billion above the level projected even before the 2003 tax cuts. In other words, tax revenues are now above their pre-tax cut baseline.[5]