Trickle Down Does Not Work
July 11, 2006
Or does it?
Record Revenues are pouring into Washington.
How can that be? Not when we are running such high spending on defence and disasters, not to mention all Congresses favorite pork.
“Spending has not been restrained,” Mr. Riedl said. “One hundred percent of the reduced deficit is because taxpayers are sending more money to Washington.”
But leave it the NY Times to pop the buzz. Quoting Democratic strategists stating that the deficit is still huge and revenues are not that of 2000.
The spin is that revenues are not keeping up with spending.
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