An eclectic econometrics professor of mine coined that title. Here is today’s installment:
… federal tax receipts — are up by nearly 15% in fiscal year 2005 alone, nearly 12% in fiscal year 2006, and projected to rise nearly 7% in the fiscal year that will end this month. That is the highest growth in tax receipts in consecutive years since 1981.
It is astonishing that some people still believe taxes should be higher. And hey, if they say that current rates are low, then they are admitting that supply-side economics works. Gosh, that is not a fun position for them to be in.