@GMShivers Wrong again. The debt _decreases_ subsequent to tax increasesand rises following decreases: http://www.theatlantic.com/business/archive/2012/11/the-long-story-of-us-debt-from-1790-to-2011-in-1-little-chart/265185/ …
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Replying to @cmuratori
@cmuratori How does that change what I said about the government expanding under tax increases? Of course they suffer when it lowers.1 reply 0 retweets 0 likes -
Replying to @GMShivers
@GMShivers You said they "expanded their spending by more than the tax revenue". If that were true, the debt would increase.3 replies 0 retweets 0 likes -
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Replying to @GMShivers
@GMShivers Finding non-percentage graphs is hard because the resolution is of course too low prior to the 1970s (http://en.wikipedia.org/wiki/File:US_Debt_Trend.svg …)1 reply 0 retweets 0 likes -
Replying to @cmuratori
@cmuratori http://4.bp.blogspot.com/_dZJ6SFB1ecE/TRedd62xZmI/AAAAAAAAEfc/MCRLiRmyVN0/s400/Tax+Rates+vs+revenues.jpg …2 replies 0 retweets 0 likes -
Replying to @GMShivers
@GMShivers I am having trouble reproducing this chart - federal income tax revenue has never been anywhere close to 20% GDP AFAIK.2 replies 0 retweets 0 likes -
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Replying to @GMShivers2 replies 0 retweets 0 likes
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Replying to @cmuratori
@GMShivers Maybe they are talking about combined personal and corporate, I guess? What are they taking as the "top marginal" then?2 replies 0 retweets 0 likes
@GMShivers (this is why I would like to see the full source, because I don't know what this chart is trying to chart)
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