|
|
Post by rockysigman on Aug 25, 2005 22:54:56 GMT -5
Just curious what source you're all using about the government's current revenue...
|
|
|
|
Post by Thorngrub on Aug 26, 2005 0:40:29 GMT -5
|
|
|
|
Post by chrisfan on Aug 26, 2005 8:23:01 GMT -5
Just curious what source you're all using about the government's current revenue... The US Dept of Treasury. |
|
|
|
Post by kmc on Aug 26, 2005 8:34:33 GMT -5
I'm sorry Ken, but the math makes absolutely no sense there. Since the tax cuts went into effect, the government's revenue has gone UP. Now, Strat is right - if bush didn't spend the government's money like Jeb's wife on an unclaimed shopping trip to Paris, deficits would notreally be an issue. But someone is goingto have to explain to me how the tax cuts are playing into the equation. They're generating MORE money for the government. If I ambalancing my budget, and I get a raise, then I have less debt. Why is the same not true of the government? Is this based on the assertion that the tax cuts have generated more across the board spending? Because, again, there are many who would debate that. Still, it's all good. This isn't anywhere close to an area of expertise, but I'd be curious to know how, by looking at a deficit figure at the Dept. of Treasury website, you have realised that that deficit has everything to do with expenditures and nothing at all with the tax break. |
|
|
|
Post by chrisfan on Aug 26, 2005 9:27:57 GMT -5
There are two separate issues at play in the budget. One is expenditures, the other is revenue. If revenue decreases at a faster pace than spending, there's a deficit. If spending increases at a faster pace than revenue increases, there's a deficit. If spending decreases and revenue increases, you've got a balanced budget (or in a bad scenario, a surplus). BAsic, I know. But since we appear to be combining revenue and spending here, I thought I'd clarify.
So where does this have us? It has been stated by a few on this board that the tax cuts are to blame for the deficits. But the math simply does not prove that to be true. Again, revenues have gone UP since the tax cuts went through. Someone is going to have to do some big explaining to me to understand how INCREASED revenue leads to a deficit.
No, it's not the tax cuts causing the deficits. As I said, the deficits are caused by congress spending like drunken sailors, and the president behaving like Columba Bush in Hermes saying yes to everything. If we'd curb our spending, then ALONG with the increased revenues that have come from the tax cuts, we'd come a hell of a lot close to balancing the budget.
|
|
|
|
Post by kmc on Aug 26, 2005 9:49:44 GMT -5
I buy it, Chrisfan.
|
|
|
|
Post by shin on Feb 23, 2006 20:22:17 GMT -5
#1, #3 and #4 are right on track.
|
|
|
|
Post by sisyphus on Mar 1, 2006 1:21:39 GMT -5
lol, i'm with shin.
|
|
|
|
Post by kmc on Mar 1, 2006 16:05:12 GMT -5
Also, there are unexpected things we didn't taken into account. For example, creationism has been vocally legitimized and the national IQ has probably dropped. Also, Chinese Democracy is probably coming out, and Mariah Carey is back.
|
|
|
|
Post by shin on Mar 27, 2006 0:14:57 GMT -5
|
|
|
|
Post by poseidon on Apr 11, 2006 13:22:15 GMT -5
My Vote..Iran gets it next. (Read the recent news folks..Iran has enriched uranium...God help us all.) Whats The President trying to do? Make the events as fortold in Chapter:Revelation from The Holy Bible happen in his lifetime?
The dunce. An audacious dunce at that.
All in God's time Jr...
|
|
|
|
Post by Dr. Drum on Apr 11, 2006 20:03:47 GMT -5
|
|
