re: #94 engineer dog

i used to think that the clear cut empirical demonstration that it is possible to raise taxes and have a robust economic boom - 1993 - 1999 - and that cutting taxes will not necessarily cause the economy to rebound - 2002 - 2008 - would make some impression on people

i guess i’m naive

I’d say the 90’s expansion was a classic boom to bust scenario. If anything, taxes during the Clinton years should have been higher to give us bigger surpluses, an hopefully could have cut short the irrational exuberance. The tax cuts of the naughts did cause the economy to rebound, most definitely. But they only helped contribute to the next bubble in real estate. Oh, and Greenspan went along for the ride all along.