Long term geological record documenting rise in global temperature and CO2 is not reliable?

The majority of Republicans in the United States do not believe the theory of evolution is true and do not believe that humans evolved over millions of years from less advanced forms of life.

Quoted:


I appreciate the education.  

I believe McCain also stated something similar to that effect(tax cut=increased government revenue) but actual fact check came out the exact opposite here: http://www.factcheck.org/taxes/supply-side_spin.html

In fact, I believe 2003 Economic Report of the President and some of the chairs of Bush’s Council of Economic Advisers via Hill 2006, Mankiw 2003, and Milbank 2003 also found that tax cut doesn't result in increased government revenue.

In fact, you can increase government deficit in 2 ways:
- by reducing government revenue by tax cut
- by increasing spending

Gregory Mankiw, former chairman of George W. Bush’s Council of Economic Advisers, did a study(published in The Journal of Public Economics in 2006) which showed that the economic growth caused by a tax cut can offset, at best possible scenario, only a portion of the revenues lost by the tax cut.  That is in most scenario, tax cut results in increased budget deficit.

Not only that, in 2005, CBO head by GOP appointee, Douglas Holtz-Eakin, calculated that the 10% cut in income tax would offset only 1% to 22% of revenue loss during 1st 5 years.  It would basically never pay for itself.  About the only case it might be true is if the rate of taxation was extraordinarily high, like 100% but 100% rate is not normal nor is it representative of tax rate in general.

Basically, if you cut tax which is revenue to government, government revenue tend to decrease.  

In fact, real(inflation adjusted) GDP growth rate was higher during 1950-1969 when rate of taxation was much higher than during last 20 years.

This is a good article in Economix blog which explains it.

However, let's say that every one of these sources, including Bush's Council of Economic Advisers, CBO, etc. is lying and/or is wrong.  You can do a rough equivalent of what if simulation(crude Monte Carlo simulation) by using a range of nominal historical GDP growth rate and taxation rate as percent of GDP and see under what circumstances, federal revenue(% GDP) grows.

The big flaw in the Bush tax cut was most of the $ was in tax credits, increasing deductions, and eliminating estate taxes, none of which reduce the marginal costs of being more productive.

Next thing you know, they are spending more because they took home more and the ecomony is growing.