Saturday, November 17, 2012

comment on Increase Tax Rates or Eliminate Deductions

I wanted to add this graph, but I couldn't put it in the comment section:

Someone else showed me this, but I couldn't find it on the site so I'm posting it (again?). I was shocked that the tax cuts drove the deficit much, much more than the wars.

When Patricia N. was here before Halloween, she told me of an economics lecture she attended recently where the speaker basically said, illustrated with fact, figures, charts, bells and whistles, that taxes have not increased since the 50's or 60's, but the services from the government have grown enormously. Eventually, there are no free lunches.

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