The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60625
Likes: 57083


You can see it in inflation adjusted dollars on that link I gave you. Of


course then you'll see Obama wasn't even keeping up with inflation at the end (FY16 was below FY15 when adjusted for inflation) and that despite these "unnecessary" tax cuts, FY19 was essentially right back where FY16 was, and right above FY17 (before cuts), even after adjusting for inflation.

So yes, our revenues are still above where they were before the cuts, and are growing faster than they were before the cuts. When you then add the fact that our spending growth exceeded what our deficits grew over that same pre-covid period, there is simply no way you can blame those deficit increases on our "unnecessary" tax cuts.

I get that's the oft repeated talking point of the Dems, and they still want to tell themselves the laughable predictions that tax cuts would add $1.5T to the debt are actually "fact", the actual facts simply don't support it.

(In response to this post by CMUHoo)

Posted: 12/28/2020 at 4:55PM



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Current Thread:
 
  
Honest question for the conservatives ... -- Blah 12/28/2020 12:47PM
  I’m no conservative, but I’m with Abe on this one -- WahooMatt05 12/28/2020 4:43PM
  Good question -- three responses:... -- Los Angeles Hoo 12/28/2020 3:53PM
  On #1 -- Beerman 12/28/2020 5:41PM
  I agree with part of your second point. -- Newt 12/28/2020 4:22PM
  Thanks -- appreciate the post. ** -- Los Angeles Hoo 12/28/2020 5:14PM
  No, I think you're right... -- Los Angeles Hoo 12/28/2020 5:30PM
  I pointed out the... -- Los Angeles Hoo 12/28/2020 5:10PM
  I'm a John Kerry flip flopper on it, tbh. -- HAZER 12/28/2020 2:36PM
  I'm in this boat as well -- CMUHoo 12/28/2020 3:17PM
  True. Same holds true re: aid to states and cities that so -- hoolstoptheheels 12/28/2020 2:00PM
  Doesn’t the payout, whether $2k or $600, only go to -- hoolstoptheheels 12/28/2020 1:15PM
  I would be in favor of that -- Beerman 12/28/2020 1:51PM
  I got no problem lowering it, just make it fair. ** -- Cold Hoober Hoo 12/28/2020 1:53PM
  Because GovCo ... ** -- WaxHoo 12/28/2020 1:43PM
  Perhaps -- Beerman 12/28/2020 1:53PM
  Nope, it does not. ** -- hoolstoptheheels 12/28/2020 1:25PM
  Yep ** -- HAZER 12/28/2020 2:12PM
  I don't understand it, except as populism -- Joey Wahoo 12/28/2020 1:00PM

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