0
ShcShc11

CBO March 8th 2013 Report: The deficit is becoming less of a problem every year.

Recommended Posts

Quote

Source: Joint Committee on Taxation Estimates, prepared by Ways and Means Committee Staff



Show me where it has been proven false!

It was released March 5 of this year:D
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

Share this post


Link to post
Share on other sites
> Hence: America has no principles.

We're doing a pretty good job reducing crime, cleaning up the air and water, improving health care treatments etc etc. And our kids will thank us for that.

They probably won't thank us for all this irresponsible spending, so we better continue increasing taxes and cutting spending until we get it under control.

(actually our kids probably won't thank us for anything anyway, because they're kids.)

Share this post


Link to post
Share on other sites
Quote

Quote

Source: Joint Committee on Taxation Estimates, prepared by Ways and Means Committee Staff



Show me where it has been proven false!

It was released March 5 of this year:D


Wow, March 5: absolute proof! March 5 must be "Tell the Truth Day".

Did you check Ryan's budget plan? You know, the one that omits some $800B in health related costs?
...

The only sure way to survive a canopy collision is not to have one.

Share this post


Link to post
Share on other sites
Quote

Quote

Quote

Source: Joint Committee on Taxation Estimates, prepared by Ways and Means Committee Staff



Show me where it has been proven false!

It was released March 5 of this year:D


Wow, March 5: absolute proof! March 5 must be "Tell the Truth Day".

Did you check Ryan's budget plan? You know, the one that omits some $800B in health related costs?


He said it was prove false
I asked when and by whom

and noted it was released March 5

You really do need comprehension help dont you
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

Share this post


Link to post
Share on other sites
Quote

And that is exactly why comparing the economy to a credit card/personal finance is wrong.

CBO reports are considered to be most trusted sources in terms of pure economic numbers.

Here is another graph on U.K vs U.S recovery where spending cuts added to the overall deficit/debt:
http://img22.imageshack.us/img22/7246/hocuspocus.png

You can also read what Office of Budget Responsibility has to say about the impact of austerity on UK growth during zero-bound economy.



Cheers!
Shc



Better tell your hero that.

http://hotair.com/archives/2012/07/03/video-unpatriotic-debt/

Share this post


Link to post
Share on other sites
Quote

Quote

READ THIS!

http://www.economicpolicyjournal.com/2013/03/tax-prof-obamacare-tax-increases-are.html

Quote

Tax Prof: ObamaCare Tax Increases Are Double Original Estimate

The Joint Committee on Taxation recently released a 96 page report on the tax provisions associated with Affordable Care Act. The report describes the 21 tax increases included in Obamacare, totaling $1.058 trillion – a steep increase from initial assessment, according to the Tax Prof Blog. The summer 2012 estimate is nearly twice the $569 billion estimate produced at the time of the passage of the law in March 2010.



I already know about it.
Its been proven false and he's using the same sources.

...
"The nonpartisan organization released a report that finds the cost of repealing the reform will balloon government deficits by $109 billion between 2013 and 2022. Repealing ACA would be a form of tax to Americans and businessmen.

The CBO's report reveals the practical hurdles to repeal and underscores a growing pattern in which the key stakeholders -- states, medical providers, businesses, insurers and consumer groups -- are moving beyond the partisan squabble to the no-nonsense work of building the market place of 2014, where everyone will be able to purchase affordable insurance regardless of pre-existing conditions."

http://cbo.gov/publication/43471


"What Is the Impact of Repealing the ACA on the Federal Budget?
Assuming that H.R. 6079 is enacted near the beginning of fiscal year 2013, CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion"
...

or can also go to this topic about ACA costs:
http://www.dropzone.com/cgi-bin/forum/gforum.cgi?do=post_view_flat;post=4288245;page=1;sb=post_latest_reply;so=ASC;mh=25;


Cheers!
Shc



Show me where it has been proven false!
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

0