May 312011
 

Before we get to the chart, let’s refresh ourselves on the drill…

Okay, now look at the chart and pick out what’s different…

Did you pick the Bush-Era Tax Cuts?  Then you’re absolutely right!

Unlike wars, downturns, bailouts and recoveries, we can project the direct financial effect of tax cuts before the fact.  Everything else on the subject is speculation.  At this point, that there is still a debate about it at all points to much deeper problems.

[Chart via GOOD]

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