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Name:
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Barneget
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Subject:
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BTW
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Date:
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4/14/2011 6:49:17 PM
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What particular theory? The theory that congress is more capable of managing our money than we are? Or the theory that additional revenues and program savings will be used to reduce the debt? You referenced an unnamed financial analyst making a comment on a morning show, and an unnamed financial CEO contacting Boehner. Martini responded with facts, although there was a key omission -- US Govt revenues grew at a rapid pace following the tax cuts, yet, exclusive of the war(s), federal spending grew at TWO AND ONE HALF times the revenue increases. That was before the regressives went on a $4.2 trillion dollar binge, enabled solely by the "independents" voting for hope and change. I lost the link but just bing CBO and the annual charted data is available. Here is my theory -- the more involved the government is in any of the 8 stages of the economic cycle, the more protracted the cleansing. That is why we are still sucking wind, with high unemployment and revenues down at local, state, and federal levels. http://mises.org/journals/qjae/pdf/qjae7_3_3.pdf (I am among the group mentioned on page 1)
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