Trying to get my head around some "fuzzy math"

[Toots]

Tha Bush* Administration is overseeing a net job loss during this last three and a half years and has cut taxes on everyone. They are claiming revenues are way up proving how supply side works. Cut taxes and more people have more money to spend so tax revenues go up. If less people are working and the ones that are working are paying less in taxes how can revenues possibly be up? I could understand maybe if by cutting taxes it really did spur major job growth more monies could possibly come in but that hasn't been the case yet they are saying revenues are way up. Crowing about it in fact. I don't get it. :shrug: Maybe some of our financial wizards here can explain it for me.

[punpirate]

1. My guess is that there's more borrowing from...

... the Social Security trust fund going on. The deficits would be much higher were that borrowing not factored in. To these people, that money is revenue (since there's no intent to ever pay it back into the fund).

The lockbox has been pried open, the piggybank is shattered. That's revenue in the Arthur Anderson school of government accounting.

Cheers.

[izzie]

2. I think it is a George Bush MBA plan at work.

He spends the money and some one turns up with more to file the pail. It has always worked for him so guess it is how it is going now. Everyone is paying less in taxes and more people out of work but Bush spends like a drunk sailor, and claims he has more to spend.We have an endless pile of money for Bush to waste and give away to his religious pals.