Your theory is bogus.
Yeah, so bogus the NYT said the same thing. Your a hopeless lib lost in Obamaland.
2005 tax receipts were lower than expected based on historical averages, which is why the deficit was over $300billion. Or was a $300billion dollar deficit part of the BushIIe economic plan??? He had a Repub Congress so he got exactly what the GOP wanted.
You obviously don't understand.
I dont understand how you can believe an econmic theory that you cant prove, merely because Rush told you it was true. Clinton raised taxes, while shrinking the budget deficit to zero, and curtailing federal spending, and had increasing federal individual income tax revenues every year despite the protestations of Repubs like Gingrich who claimed that raising taxes would cripple the American economy.
OBama just gave you the biggest short term tax cut in history, and its effect on the economy is discounted by the Repubs because it only gave folks about $10/week cut in their payroll taxes. Repubs dont think that folks that work for a living matter, and all tax cuts should go to the top 5% of earners.