Quote:
Originally posted by Spanky
Actually this is not true. Deficit prediction are almost always to high in a growing economy and too low in a slowing economy because of the multiplier effect. When the economy grows, tax receipts grow at a higher percentage than the economy. One of the reasons is "bracket creep". People get pushed into higher tax brackets where they pay a higher percentage of taxes. There are also many other factors.
If people remember, no one saw how quickly the budget was going to get balanced. Every quarter the deficit was being adjusted down because of unanticipated growth in revenue from the economic growth.
|
You general statements aappear to me to be all true.
However, they absolutely does not counter either the Captain's specific statements or the numbers he cited which underly his statement. In fact, they seem to be non sequiturs.
Let's roll the tape:
Captain: "Here are the numbers showing that these oranges are larger than in past years. Based on those numbers, it appears that the unusual changes in the weather patterns which affected the growing season may account for this phenomenon."
Spanky: "Actually, this is not true. Oranges are, in fact, orange in color -- unless not fully ripened, in which case they are green. They most commonly originate in Florida. Oranges are also generally roundish.
"BTW -- we do not have the benefits of oranges from other countries due to those damn Democrats who hate free trade."
What did I miss?
S_A_M
