DeMint....demented about revenues

[jaxx]

As Government Revenues Reach A 60-Year-Low, DeMint Claims They’re At A ‘Record’ High

It’s an often-repeated talking point among Republicans as Washington debates taxes and spending: “We don’t have a revenue problem, we have a spending problem.” It’s recycled, like much of today’s Republican thinking, from President Reagan, but Sen. Jim DeMint (R-SC) stretched the argument to its breaking point on MSNBC this morning when he said that government revenues are currently at “record” highs:

DEMINT: Four of the last five years, we’ve had record levels of revenue. And next year we have projected the highest revenue levels in history. We don’t have a revenue problem.

<..> DeMint appears to be using nominal dollars to measure revenues, instead of revenue as a percentage of GDP, which is used by all official arbiters on revenue matters, including the Congressional Budget Office. And as a percentage of GDP, government revenue is nowhere near a “record” high. In 2010, it was at its lowest level in more than 60 years, according to data from the Office of Management and Budget (OMB), at just at 14.9 percent.

http://thinkprogress.org/economy/2011/07...ecord-lie/

Idiot. And the idiots who believe him!!

[Ikonoklast]

He's a Republican, he lies.