eLROY
06-07-2004, 03:14 PM
Let's not forget what Reagan's tax cuts did to federal revenues:
1980 517.1 billion
1981 599.3
1982 617.8
1983 600.6
1984 666.6
1985 734.1
1986 769.1
1987 854.1
1988 909.1
1989 990.7
1990 1090.5
And why? Because poor people became rich, and started paying taxes, when the government stopped printing money and using it to buy solar panels.
But it's so evil to borrow money from Japanese savers at 0%, when we could simply confiscate from Unites States businessmen, isn't it?
P.S. Here is revenues versus "defense" spending, 1981 through 1989:
599 134
618 158
601 185
667 210
734 227
769 253
854 273
909 282
991 290
Not hard to, um, see, how... not joining the USSR... created a trillion dollar debt?!?
1980 517.1 billion
1981 599.3
1982 617.8
1983 600.6
1984 666.6
1985 734.1
1986 769.1
1987 854.1
1988 909.1
1989 990.7
1990 1090.5
And why? Because poor people became rich, and started paying taxes, when the government stopped printing money and using it to buy solar panels.
But it's so evil to borrow money from Japanese savers at 0%, when we could simply confiscate from Unites States businessmen, isn't it?
P.S. Here is revenues versus "defense" spending, 1981 through 1989:
599 134
618 158
601 185
667 210
734 227
769 253
854 273
909 282
991 290
Not hard to, um, see, how... not joining the USSR... created a trillion dollar debt?!?