Hooray! They made a deal!

Started Jan 1, 2013 | Discussions thread
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Lee Jay
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Re: 151 Republicans just voted for higher taxes on everyone
In reply to Jim, Jan 4, 2013

Jim wrote:

ljfinger wrote:

Spending decreased under Reagan - from 22.9% of GDP to 22.1% of GDP. Receipts dropped from 20.2% to 18.8%. So it wasn't spending that did it.

Indeed it was. Taxes were cut and revenues increased due to increased business activity (somthing O-idiot should take note of but won't).

I bolded the relevant portion of my post above to correct your misconception.

Spending as a percentage of GDP would have decreased even more under Reagan but the government wouldn't quit spending.

So, when faced with the fact that you were dead wrong, you move the goal posts.

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Lee Jay
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