Golly, Mightette, I’m glad to see that you finally recognize the need to raise taxes in a time of war and that the US shouldn’t keep on borrowing from China and Japan to pay for its folly in Iraq. Or do you have any better ideas on how to pay for the wards in Iraq and Afghanistan?

I mean, when dotcoms explode, theres no dead bodies, and wheres the fun in that?

And its not only the amount in the coffers when you start, its how its spent.. yes, dungdog, a prominent member of YOUR party, and in fact the only one who has a bat’s chance in h3ll of winning the POTUS in 2008 said the bush controlled congress was spending money like a “drunken sailor”.

Oh wait, we need to invest ridiculous amounts of money in nuclear warheads and stealth fighters to protect from this imaginary global conspiracy/army of unified islamic supermen. So far they’ve almost killed as many americans as lightning has.

I mean, why tax millionaires when we could sell ourselves to China and make them ever increasingly our creditors? And the continual dropping of the american dollar is certainly the part of some bush master plan as well.
Tell me muckdog, what sort of bright economic future has dubya laid for us in his 6 years in office without evil communist democrat inteference ? Surely
plans so sound as “giving money to ultra wealthy companies” and “spending money we don’t have on wars to remove imaginary weapons of mass destruction” can survive the coming 2 years of democratic “mis-oversight”.

Muckdog can you please give us some more brilliant evidence about how the world can be saved by jesus christ, asbestos, and smoking, just like the sources you quote do?

Wrong.

The internet bubble started in the mid-90s as venture capitalists pumped money into everything with a “www.” and IPOs were doubling on their initial day of trading. The bubble crashed in the last year of Clinton’s term (2000) when the Nasdaq fell from over 5000 to under 3000. Yes, that collapse did happen under Clinton. But government tax revenues didn’t suffer until the tax returns were filed the following year during the Bush administration!

I’m sick of Clinton getting no credit for his economy. He was, after all, a Rhodes Scholar in economics.

Because corporate profits have been surging in the past few years, hence corprate tax revenues have been rising. Pre-tax corporate profits are at a historical high both in absolute terms and as a % of GDP. Go check the NIPA accounts at the BEA site.

However, GDP is forecast to slow this year and next, hence corporate profit growth will slow down, and so will tax revenues.

How about financing the frigging war out of tax revenue rather than borrowing? Has this ass ever taken Economics 101? Or is he senile?

Note to mentally challenged Republicans: The above is sarcasm.