Army Post Road

     Did the NY Times forget itself? Doesn’t it know it’s not supposed to publish articles showing the economy is in a good place? Did they forget they can’t publish articles showing Bush Administration policy has worked out for the better? What happened that they let an article about rising tax revenues and shrinking budget deficits get published?
     Let me share a few choice, tasty morsels from the article with you:

An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

     Hold on, is that right? The times is telling us that even though taxes were cut, and according to them cut the deepest for the rich, tax revenues are rising? Not only that, but much of the increase is coming from big business and the wealthy? I think I need to see that again to be sure.

An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

     Yep, it looks like I read that right. Let’s see what else is says:

Tax revenues are climbing twice as fast as the administration predicted in February, so fast that the budget deficit could actually decline this year.

     There’s going to be much wallowing and gnashing of teeth and tearing of clothes after this coming from liberals. Deficits might actually go down this year when all the government is doing is giving gilded swimming pools to the rich and handing out price gouging licenses to Big Oil?

     Let’s look a little further into the article:

Corporate tax payments are expected to exceed $300 billion, up from $131 billion three years ago. The other big increase is an extraordinary jump in individual taxes that were not withheld from paychecks, usually a reflection of taxes on investment income and executive bonuses.

     Hang on a tick, let’s stop and catch our breath here. Is the New York Times really reporting that three and five years after tax cuts were passed, tax cuts that they helped to tell the whole country and world would cause the lower half of society to live in our 21st Century-version of the Irish Potato Famine and the upper half of society to be perpetually stuck in the 1999 party, that revenues from corporate taxes and dividend and capital gains taxes has gone up? The tax cuts that were supposed to finance Bill Gates’ aquisition of Lichtenstein has actually caused the rich in America to pay a net increase in taxes? Be still my beating conservative heart, I’m not sure I can handle this. All of this almost makes me want to go out and shoot a gun and kick a hippie or something.