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September 19, 2011

A Democrat President, on Taxes, 1962

Heard this one on Levin this afternoon on my way home from the airport, but I had heard it before, just seems timely and all.

What was the plan here, to encourage economic recovery, and growth? For the national interest? I think he was saying we should cut taxes, call me crazy and dip my nuts, did I hear that right?

So how badly did Kennedy's tax cuts impair federal revenues? "Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation)."

Well darndy darn. It's almost as if a healthy economy is better than punishing a badly damaged one with tax increases.

Stupid math.

OH! Also, the Giants, they're goin down. You know why? Because I picked em to win against the points that's why.

Kiss of death. Davepick.


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posted by Dave In Texas at 08:13 PM

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