The Mccain Campaign Blog's Straight-talk Deficit
June 10, 2008
I'm a little late coming to this, but I see that Michael Goldfarb is repeating some thoroughly debunked right-wing economic propaganda over at the McCain campaign blog. Goldfarb writes that: The fact that Americans can't afford the massive tax increases Barack Obama is proposing shouldn't obscure another truth: those increases are likely to do nothing at all to increase federal revenues. There was a fascinating piece in the Wall Street Journal a few weeks ago that showed federal revenues holding steady at about 19.5% of GDP for the last 50 years.