Quote:
Originally Posted by Liberty";p="
Quote:
Originally Posted by Silkheat";p="
They have spent and spent
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True, but the tax revenue increase far outpaced the spending:
"Both spending and tax revenues climbed to all-time highs in 2006. The sharp narrowing of the deficit reflected the fact that revenues climbed by 11.7 percent, outpacing the 7.3 percent increase in spending.
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The reason for the improvement this year was a second consecutive big jump in revenues, propelled by strong economic strength. The 11.7 percent increase in revenues was the second biggest percentage gain in history." |
If that were true, we wouldn't have a defecit. Combine your numbers with the increase in the money supply and no wonder there is a tax revenue increase. The increase is not just simply from shifting the laufer curve.
Also, I have not looked at it but if the war spending is off-budget then they are being very misleading.