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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (539514)12/31/2009 4:19:24 PM
From: TimF  Read Replies (1) of 1574688
 
The CBO has scored it and says it will cut the deficit by $300B over the next 10 years.

When you count tax increases as savings (when they are not, they are just a way to pay for something), and you start increasing the taxes almost right away, but don't start significant spending for several years, than its easy to get an estimate that the deficit will be reduced, esp. if the bill contains spending cuts that will likely never happen ("doc fix"). But the estimate is somewhat questionable even with the parameters the CBO has to use, and when you consider the structure of the bill combined with those parameters its basically meaningless.
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