The old school democrat method to reduce the deficit
Filed under: American History, economy, History, Obama Economy, Our Dear Leader, Politics, Taxes
Let us set the Way Back Machine to 1962, when a democrat President presented his plan to create jobs and economic spur growth.
That’s right, dear readers, President Kennedy called for across the board tax cuts and tax reform in order to create jobs, grow the economy, and increase federal revenue.
Unlike our Dear Leader‘s plan of jacking taxes through the roof, President Kennedy’s plan was successful.
“Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation).”