Hey George, 'splain this!

Sen George Voinovich said this today (via ABP);

" It is time to recognize a simple fact of life. Contrary to what some of my colleagues seem to believe, tax cuts do not pay for themselves."


So how do explain this from the October 6 2005, CBO report???

Receipts in 2005 were about $274 billion (or 14.6 percent) higher than in 2004, CBO estimates. Because that percentage growth far exceeded the growth in nominal GDP, revenues as a share of GDP rose from 16.3 percent in 2004 to 17.5 percent in 2005, the first increase since 2000.


Read anything lately George??? Grow a spine!

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