WORLD FUTURE FUND
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THE NUMBERS TELL THE STORY

WHY MAJOR TAX INCREASES MUST BE PART OF ANY MAJOR BUDGET REFORM:

UNREALISTIC TAX CUTS IN 1981 PRODUCED  A BUDGET TRAIN WRECK.

UNREALISTIC TAX CUTS IN 2001 PRODUCED AN EVEN BIGGER BUDGET TRAIN WRECK.

MAJOR TAX INCREASES IN 1993 SET THE STAGE FOR A RETURN TO FISCAL SANITY
AND A VERY BRIEF AND SMALL SURPLUS IN 2001

 

(OFFICIAL CONGRESSIONAL BUDGET OFFICE FIGURES)

(SOCIAL SECURITY FUNDS ARE NOT USED TO HIDE SIZE OF DEFICIT)