Quote:
Originally posted by Spanky
But if you don't understand how cutting taxes in certain situations even with increase spending will lead to increase revenue, you are simply not very bright.
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I still don't see you explaining what deficits have to do with this. If cutting taxes would increase growth, why not do it when we're running a surplus too?
And here's the graph on which I made my historical claim. I think it tends to undermine G3's assertion, given the falling levels of debt means teh country was running a surplus.
and adjusted for GDP (which makes it look even better, because of GDP growth):
source 
