Debt Free

For those of you out there that feel we are falling behind in tax revenues due to those infamous “tax cuts for the wealthy”, I can direct you to the figures for income tax revenues collected between 2003 and 2006, as thoughtfully provided by the Congressional Budget Office. Over 60% of the gains came from increases corporate income tax revenues.

Total Federal Tax Revenues Collected 2003 - $1.783T
Total Federal Tax Revenues Collected 2006 - $2.407T
 

As a percentage of the U.S. GDP, 2003 – 16.5%
As a percentage of the U.S. GDP, 2006 – 18.4%

I rest my case - We don’t need to raise tax rates.

So, to all you Democrats in Congress and the Senate pandering to the voters by caterwauling about those infernal tax cuts and how they have gutted our Federal Budget, kindly shut up. That’s not why we have a federal budget deficit. The majority of it isn’t due to the war on terror or our little excursion to Iraq, either, so be quiet.

To all you Republicans in our esteemed halls of the Federal government -Why the hell do you insist on spending money like frat boys at $2 Tuesday? Why don’t you try buying votes with your own money for a change, instead of using ours? If you would stop spending money growing government size and expanding government programs, and try improving government efficiency (??) and reducing freebies for every group you can find, we could actually use that money to pay off some national debt for a change.