It is time to examine the truth and stand by it. Be sure and follow the link to read the rest of the article.
According to Barack Obama, “The arguments of liberals are more often grounded in reason and fact.” But according to Margaret Thatcher, “The facts of life are conservative.” Who’s right?
Myth: The deficit was caused by Bush’s tax cuts.
Fact: For over four decades, 1960 through 2000, federal revenues averaged 18.2% of Gross Domestic Product and the trend was virtually flat. The final Bush tax rates became effective in 2003. In 2006 and 2007, well after the new tax rates were in effect, federal revenues were 18.2% and 18.5% of GDP, above historical levels. The federal government collected over half a trillion dollars more in 2007 than it did in 2000. Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/