Nope. Guess again.
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Nope. Guess again.
I'm not guessing.
Obviously.Quote:
Originally Posted by jlisenbe
You see? Even Athos is agreeing with me.Quote:
Obviously
How about some support here?
Now even if the revenue and expenditure figures prove to be accurate, and of course they never do, then the bill will fall short of revenues. But even at that, in a time where we are falling into such a terrible hole of debt, then instead of controlling spending, we are proposing silly new spending bills. It's unbelievable. It's like telling an addict he needs to get more drugs.Quote:
We’ll go through the numbers.
The CBO said in its Nov. 18 report that the House bill, not including revenue from the IRS enforcement provision, would cost $1.7 trillion in spending and bring in $1.3 trillion in revenue over 10 years, adding a net $367 billion to the deficit. But once we factor in a $207.2 billion revenue impact from the IRS provision — a CBO estimate — the net increase to the deficit is $160 billion over 10 years.
The CBO’s report on provisions of the bill under the purview of the Committee on Ways and Means includes the $207.2 billion in the notes section, explaining that under its scorekeeping guidelines, it can’t include the IRS enforcement impact in the estimate of the legislation.
The Treasury Department believes the impact from spending $80 billion over 10 years on increased IRS enforcement on the wealthy would garner about twice that: $400 billion, which, if correct, would make the Build Back Better Act “fully paid for.”
https://www.factcheck.org/2021/11/cbo-build-back-better-not-quite-fully-paid-for/
Hahahahahaha!!! That's not what he's saying.Quote:
Originally Posted by jlisenbe
When pigs fly.Quote:
Originally Posted by jlisenbe
The Treasury Department believes the impact from spending $80 billion over 10 years on increased IRS enforcement on the wealthy would garner about twice that: $400 billion, which, if correct, would make the Build Back Better Act “fully paid for.”
One way.
Oh well. I notice you haven't bothered to dispute the CBO. I suppose that's progress of a sorts. You see, I was not guessing at all.Quote:
Hahahahahaha!!! That's not what he's saying.
Quote:
Originally Posted by jlisenbe
The Treasury Department believes the impact from spending $80 billion over 10 years on increased IRS enforcement on the wealthy would garner about twice that: $400 billion, which, if correct, would make the Build Back Better Act “fully paid for.”
The CBO does not agree. At any rate, the current catastrophic deficit will continue. I guess you are ok with that?
The CBO is not infallible.Quote:
Originally Posted by jlisenbe
Neither is Biden. However, the CBO IS nonpartisan.
Biden is trying to do the right thing for the people of Afghanistan. Time will tell.Quote:
Originally Posted by jlisenbe
Build Back Better is for the Afghans?
It's more money supposedly being "misspent".Quote:
Originally Posted by jlisenbe
This thread is not about the Afghans. It is about BBB.
Sorry, wrong thread. Too much going on at the same time.Quote:
Originally Posted by jlisenbe
No problem. It has been busy.
By abruptly punching the clock and leaving the people of Afghanistan to the mercies of radical jihadists terrorists . Good job Clueless Joe !Quote:
Biden is trying to do the right thing for the people of Afghanistan. Time will tell.
It's amazing that people here still try to defend him. I wonder how many weapons that 300 mil is going to buy?
We already left enough hardware behind to make the Taliban the most armed terrorist group in the ummah .
Thank you, Mr. Biden. But to be fair, he's doing great on inflation and reining in fed spending. [SARC]
Yeah I saw them brag that inflation last month wasn't as bad as November .
That happens to be true.Quote:
Originally Posted by tomder55
Don't worry about inflation . Inflation is now good according to the compliant press .
Quote:
But on the whole, inflation can actually be a good thing for many working-class Americans — especially those with fixed-rate debt like a 30-year mortgage. That's because wages are going up, which not only empowers workers but also gives them more money to pay down debt. Plus, in the case of a mortgage, your monthly payment will be the same but your house will increase in value.
And many of the people taking a bath when prices rise are higher-net-worth people who hold the vast majority of government bonds.
The trouble is, you're not going to feel the upside immediately.
Brings back memories
Watch Saturday Night Live Highlight: Jimmy Carter on Inflation Cold Open - NBC.com
Why inflation can actually be good for everyday Americans and bad for rich people - CNN
And according to economists depending on the circumstances. And depending on the rate. A certain moderate rate can be good.Quote:
Originally Posted by tomder55
SNL has often put on brilliant social commentary skits.
Your "compliant press" is a misnomer. Just a piece of bias since it tells the truth which is increasingly going against the republican idea of government. The press is one of the most powerful shields we have against a bad government.
moderate rate
not the highest rate in over 40 years .
I have noticed one thing held in common by both the hard core Trump and Biden supporters. They cannot bring themselves to say a negative word about their pres. So the highest inflation rate in 40 years can be dismissed as merely being moderate.
I suspect we ain't seen nothin yet. It could get into the "high-moderate" range before much longer.
Inflation can be managed. Not like it was a surprise to anybody.
At the highest in forty years, is it being managed now?
A predictable spike and yes will be managed like the last spike. Don't panic. At least the dufus ain't in the WH no more.
Average inflation with Trump was considerably below what we have now as was unemployment. I thought you like management?
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