After every tax cut there is a recession, and it is always a surprise.

.... callchet ....

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Mon Feb-09-09 11:03 PM
Original message

After every tax cut there is a recession, and it is always a surprise.

Edited on Mon Feb-09-09 11:58 PM by .... callchet ....

Surprise "The real problem was a recession that neither CBO nor OMB could foresee. Even so, individual income tax revenues rose from $244 billion in 1980 to $446 billion in 1989"

Every tax cut is followed by a recession or depression. Why ? Because some people make unbelievable economic gains.

"It was the best of times, it was the worst of times"

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aquart

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Mon Feb-09-09 11:04 PM
Response to Original message

1. Not to me. I wasn't a bit surprised.

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