"Analyst: Obama Would Be A Nightmare For Defense Programs, Firms"

On Sat, 26 Apr 2008 06:48:00 -0400, Cubdriver usenet AT danford DOT
net wrote:

Sure. Federal revenues today are higher than they were in 2000. That's
because Bush cut taxes.

This is what is technically referred to as a post hoc ergo prompter
hoc fallacy.

Federal tax revenues for 2007 were about $100 billion more than in
2000. Federal tax revenues were about $1,000 billion more in 2000
than they were in 1992.

While there's no doubt that an excessive tax rate will reduce total
revenue, total tax revenue has been increasing pretty steadily for the
past forty years, regardless of whatever tweaks have been made to
marginal tax rates. The exception to that steady increase was in GW
Bush's first term, between 2000 and 2003, when total revenue dropped
about 400 billion dollars.