Reducing the deficit

Discussion in 'Too Hot for Swamp Gas' started by wgbgator, Nov 13, 2013.

  1. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Nothing really controversial here, just for general interest, the CBO released a list of savings 2014-23 on all manner of proposed ideas. How much will your favorite pet idea save?

    http://www.cbo.gov/sites/default/files/cbofiles/attachments/44715-SummaryTableofOptions.pdf

    Biggest calculated savings on the list:

    Obviously, you probably wouldnt want to do this without some offset in tax cuts elsewhere.
  2. wygator
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    wygator Well-Known Member

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    How is a major tax a "savings"? Saving for who?
  3. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Savings for the Fed gov't budget deficit, obviously. If you can deficit "spend" then you can also "save." Bringing in revenue without increasing spending would reduce the deficit, i.e. "save." Just like cutting taxes would increase it (i.e. "spend") if you didnt offset it in equal or greater cuts in spending.
  4. mocgator
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    mocgator Well-Known Member

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    What a twisted world liberals live in. Truly Bizarro world.

    Where tax is revenue, a cut in the growth of spending is savings, and an imaginary increase in taxes is a saving in spending.

    Bizarro World.

    I do have a stupid idea worth a thought... how about we cut spending. 2/3 of our budget being straight transfer payments from one American who earned it to another that didn't might be a place to start.

    I know... a crazy idea.
  5. TJtheGator
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    TJtheGator Well-Known Member

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    For liberals, tax= savings in the amount we propose to borrow, but nothing towards reducing existing debt.

    Liberals were never very good at math or economics.
  6. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    If you actually look at the list there are a myriad of options from cuts/caps in spending to taxes, all presented as "savings" to the deficit. Bizarre stuff, I know. :roll:
  7. MichaelJoeWilliamson
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    MichaelJoeWilliamson Well-Known Member

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    Save means not spend.

    Orwell was right
  8. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Maybe all you guys should take up the semantics of deficit reduction with the CBO, then.
  9. mocgator
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    mocgator Well-Known Member

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    Oh to be given the chance....
  10. MichaelJoeWilliamson
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    MichaelJoeWilliamson Well-Known Member

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    Indeed.

    Yet you defend that incorrect use.

    I imagine you have replaced "new taxes" with "new revenue" in your lexicon too?

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