tag:blogger.com,1999:blog-6616959642391988608.post6393312238512126826..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Federal budget updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-42993939932938323542010-02-18T17:20:59.672-08:002010-02-18T17:20:59.672-08:00It's all very troubling indeed, and I believe ...It's all very troubling indeed, and I believe this has been a big factor depressing the market over the past year or so. <br /><br />When you look at different points in time, the story changes quite a bit. A big part of Clinton's spending slowdown was a drastic cut in military spending. Clinton also benefit from the huge dot-com boom which created a one-time flood of capgains taxes. <br Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40120583261587171742010-02-18T15:28:55.028-08:002010-02-18T15:28:55.028-08:00Scott, this chart is troubling, not just because o...Scott, this chart is troubling, not just because of the spending side, but moreso the revenue side. <br /><br />Look at the trajectory of revenue growth during the Clinton years. Had we continued on the same trajectory, we wouldn't have a deficit today. <br /><br />It would be interesting to see revenue growth during the Reagan years vs. Johnson/Nixon/Ford/Carter. <br /><br /><br />9/11, the mmanagedaccountshttps://www.blogger.com/profile/08188469703346980431noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38012900506371495732010-02-17T18:43:13.112-08:002010-02-17T18:43:13.112-08:00Scott,
At what point would you equate declining F...Scott,<br /><br />At what point would you equate declining Federal and State Income and Sales taxes with a declining GDP?<br /><br />For example, if sales taxes declined 25%, could GDP be rising?alstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.com