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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (37131)	9/17/2009 7:01:07 PM
From: TimF	Read Replies (1) \| Respond to of 71588

ANY ECONOMIC PROJECTION is attempted, which is required to assume the reality of laws and regulations are they CURRENTLY EXIST on the books That's simply not true as a matter of fact. If you qualify if you change the statement to "Any CBO projection" it would be a much more accurate statement, but such an assumption 1 - Doesn't necessarily lead to more accurate projections since laws do change, in fact we can reasonably assume they will, if not always exactly when or how. and 2 - Is irrelevant to the point that the majority of the projected future deficits are do to increases in spending. then presupposing changes will or won't happen in the future which are NOT CURRENTLY EXISTING in the laws would be assuming conditions that actually do not exist in the nation's law.... And presupposing changes in the tax rates will or won't happen in the future would be assuming conditions that currently don't exist. A change in the rate, even one called for by current law, is still a change.