Debt, Spending, and Taxes Revisited

PowerLine has a couple of graphs that tell the story in President Obama’s own words.  Of course, he wants to raise corporate taxes in part to cover this shortfall, even though raising taxes, beyond a level long since surpassed, reduces tax revenue collected as businesses (and individuals, in response to parallel attempts to raise taxes on them) do what comes naturally for all of us: look for ways to hang onto what’s ours, rather than give it up to a ravenous government.

The graphs are clear in their own right; I’ll say no more here.

Remember this in November.

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