Economics 101

Saw an interesting post on WNYMEDIA.net. It links to a site whose name implies it is close to the tinfoil hat crowd.

The post is interesting in a JK Rowling kind of way, but not in a Adam Smith kind of way.

At the risk of using facts, let me state an historical fact - lowering tax rates, the way Reagan did in the 80's and Kennedy did in the 1960's stimulates the economy and increases tax revenues.

Budget deficits grow when the government spends more than it takes in.

Every budget that Reagan presented to Congress was increased by that Congress under the leadership of Tip "Big Dig" O'Neill.

Reagan's economy saw an increase in real family income.


Reagan's tax policy resulted in more of the tax burden being borne by wealthier Americans.



These are facts, not opinions.