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To: moonshot925

I wish we had a time machine and duplication machine so we could steal a copy of JFK to run against Obama instead of Romney, he would be more conservative....


3 posted on 08/13/2012 4:48:36 PM PDT by GraceG
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To: SunkenCiv; GraceG; austingirl; StAnDeliver

JFK was right about the tax cut increasing revenue.

In FY 1963 revenue to the federal government was $553.10 billion and in FY 1969 it was $809.08 billion (in constant 2005 dollars).

That surge in revenue thanks to the tax cuts allowed the federal government to pay for the large military expenditures in Vietnam and LBJ’s social programs.

The national debt was reduced from 50% of GDP in 1963 to 34% of GDP in 1969.


6 posted on 08/13/2012 7:11:55 PM PDT by moonshot925
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