"...'cut taxes and spend'. at least with 'tax and spend' you had the coin!"
They have the coin now. Cutting tax rates has led to a huge increase in tax revenue collected by the government. Same thing happened with Reagan.
Then, as now, the problem is 100% on the spending side.
Posted by: Lexington Green | August 8, 2006 12:52 PM
Now ol' LG has at least some UChicago econ training, so I have very reason to believe him, even though I haven't checked the figures.
Does anyone know exactly how cutting taxes = more tax revenue? Is it because people have more to spend and spend more?
Paul, didn't you go to UChicago? ;-)
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