The Limbaugh Hannity Lie

How many times have we heard either of them say, "Reagan cut taxes and revenue doubled?" Well it's simply not true. Under Reagan revenue went up from $599.3 billion to $990.7 billion. That's not double, that's 65% over 8 years, or 8% per year.

Now let's consider Jimmy Carter, the worst President ever: Under Carter revenue went from $355.6 billion to $599.3 billion. That's an increase of 68.5% in just 4 years, or 17% per year.

That's right Rush, Sean, revenue grew twice as fast under Jimmy Carter as it did under Ronald Reagan. Now why are you bragging about Reagan doing worse than Jimmy Carter?

How's our current President doing? When he took office revenue was $1991.4 billion. In 2005 it was $2153.9 billion. That's a measly increase of 8% over 4 years, or just 2% per year.

See the pattern? Tax cuts lead to poor revenue performance, just what an honest, sane person might expect. By Hannity's and Limbaugh's logic we should all ask to be paid less so as to have more money in our bank accounts, makes perfect sense really, except for the facts and the logic of course.