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Jobs & Parenting Expert
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Jan 12, 2022, 04:11 PM
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Nope. Guess again.
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Uber Member
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Jan 12, 2022, 04:22 PM
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I'm not guessing.
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Ultra Member
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Jan 12, 2022, 04:26 PM
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Originally Posted by jlisenbe
I'm not guessing.
Obviously.
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Uber Member
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Jan 12, 2022, 04:34 PM
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You see? Even Athos is agreeing with me.
How about some support here?
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.”
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.
https://www.factcheck.org/2021/11/cbo-build-back-better-not-quite-fully-paid-for/
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Jobs & Parenting Expert
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Jan 12, 2022, 04:38 PM
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Originally Posted by jlisenbe
You see? Even Athos is agreeing with me.
Hahahahahaha!!! That's not what he's saying.
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Ultra Member
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Jan 12, 2022, 04:44 PM
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Originally Posted by jlisenbe
You see? Even Athos is agreeing with me.
When pigs fly.
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.
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Uber Member
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Jan 12, 2022, 04:44 PM
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Hahahahahaha!!! That's not what he's saying.
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.
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Ultra Member
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Jan 12, 2022, 05:25 PM
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Originally Posted by jlisenbe
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.
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.”
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Uber Member
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Jan 12, 2022, 05:31 PM
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The CBO does not agree. At any rate, the current catastrophic deficit will continue. I guess you are ok with that?
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Ultra Member
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Jan 12, 2022, 05:40 PM
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Originally Posted by jlisenbe
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.
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Uber Member
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Jan 12, 2022, 05:48 PM
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Neither is Biden. However, the CBO IS nonpartisan.
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Ultra Member
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Jan 12, 2022, 06:57 PM
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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.
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Uber Member
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Jan 12, 2022, 07:04 PM
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Build Back Better is for the Afghans?
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Jobs & Parenting Expert
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Jan 12, 2022, 07:07 PM
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Originally Posted by jlisenbe
Build Back Better is for the Afghans?
It's more money supposedly being "misspent".
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Uber Member
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Jan 12, 2022, 07:28 PM
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This thread is not about the Afghans. It is about BBB.
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Ultra Member
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Jan 12, 2022, 09:33 PM
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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.
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Uber Member
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Jan 13, 2022, 04:14 AM
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No problem. It has been busy.
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Ultra Member
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Jan 13, 2022, 04:42 AM
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Biden is trying to do the right thing for the people of Afghanistan. Time will tell.
By abruptly punching the clock and leaving the people of Afghanistan to the mercies of radical jihadists terrorists . Good job Clueless Joe !
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Uber Member
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Jan 13, 2022, 04:43 AM
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It's amazing that people here still try to defend him. I wonder how many weapons that 300 mil is going to buy?
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Ultra Member
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Jan 13, 2022, 04:45 AM
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We already left enough hardware behind to make the Taliban the most armed terrorist group in the ummah .
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