Tuesday, October 16, 2007
What's the Cause of This?
I don't know for sure what's the cause of these bits of good news. I'll guess marginal tax rate reductions, for the rich. My smarter friend in Chicago says there is about an 18 month delay in economics between the action taken and first results. Let's see, what occurred about a year and a half before the start date of these two charts? That would be about March of '02. Hmm.
Remember all the bad press the marginal tax rate cuts got years ago? Man, were those guys morons.
It would be best if there was no deficit spending and better if the reduction in our deficit spending was because we were spending less rather than taking in more, but it's not. We're spending just as fast as we ever were. Still, I'd rather be heading towards a balanced budget rather than away. Too bad we've overspent to the tune of about 10 trillion dollars. That's a pretty hefty national debt. Are we making the interest payments OK?Labels: Bush Tax Rate Cuts
