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The Senate deal to avoid the "fiscal cliff" will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO).
In reality, Politicians are idiots. Even if they balanced the books they'd just invest any surplus in Worthless IOU's from Greece or somewhere like the Germans did.
You realize that the current tax plan is that ALL the Bush tax cuts expire and the 400 billion(600 billion in some estimates) cuts in budgetary spending happen.
so yes, any bill to CUT TAXES and CONTINUE SPENDING is going to product higher deficits and lower revenue than one that does the opposite.
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Location: Pine Grove,AL
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Quote:
Originally Posted by LAWS
In reality, Politicians are idiots. Even if they balanced the books they'd just invest any surplus in Worthless IOU's from Greece or somewhere like the Germans did.
Salvation is in eliminating ALL politicians.
you cant have a surplus in a balanced budget.
a surplus in and of it self is considered bad accounting.
You realize that the current tax plan is that ALL the Bush tax cuts expire and the 400 billion(600 billion in some estimates) cuts in budgetary spending happen.
so yes, any bill to CUT TAXES and CONTINUE SPENDING is going to product higher deficits and lower revenue than one that does the opposite.
All we need is a 1:1 compromise on revenues:
If democrats want $3 trillion in new government programs then we cut $3 trillion from existing government programs to pay for it.
That number is lower than it would be if the current Bush tax cuts were continued. So your thread premise is a fail.
What are you talking about?
The so-called "Bush tax cuts" expired at 11:59:59 PM last night.
By the way Bush hasn't been in office since January 2009.
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