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To: Kaslin
They have the projected tax revenue staying about the same. The tax increases will reduce employment, so the green area should look more like a fiscal cliff. It should have a downward slope. No jobs means no revenue.
No jobs would increase the upward slope of government spending, because people will expect even more tax money to support them when they lose those jobs.

This graph is a good example of "positive thinking". It fails to take the inevitable consequences of a tax increase into account.

5 posted on 12/13/2012 4:06:16 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics

I understand your problems with the graph, but this shows that even with “positive thinking”, taxes are not going to solve the debt problem.


8 posted on 12/13/2012 4:09:54 PM PST by kosciusko51 (Enough of "Who is John Galt?" Who is Patrick Henry?)
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To: concerned about politics

Taxes will rise to try to keep up with spending and revenues will inevitably fall.


9 posted on 12/13/2012 4:12:55 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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