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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (15689)	3/29/2010 10:40:38 AM
From: longnshort	1 Recommendation Read Replies (1) \| Respond to of 42652

Tax cuts brought in more tax revenues. it's that simple

To: RetiredNow who wrote (15689)	3/29/2010 11:17:31 AM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 42652

More bull from a liberal rag. On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion. The 10-year projection was estimated to be about $3.1 trillion. So Obama's number was very close on the 2009 deficit -- he said $1.3 trillion -- but substantially different from the 10-year projection -- he said $8 trillion. ... [EDIT: HERE COMES THE BOGUS EXCUSE] The large difference on the 10-year projection has to do with Bush administration tax cuts. The CBO creates its estimates based on current law, which means the CBO assumes that the Bush tax cuts will end in 2010 and everyone will start paying higher taxes in 2011 and going forward. The Obama administration, on the other hand, assumed in its baseline that those tax cuts would be renewed. Of course, this is the age-old argument over the Laffer Curve, which we have hashed and rehashed. The reality is that the Bush tax cuts, INCREASED, NOT DECREASED revenue. It is a liberal lie that Obama didn't increase the deficit and isn't responsible for the projected deficits we are now facing. A person has to be stupid to believe what you are claiming. Obama takes office and starts spending trillions of dollars and you don't want to blame him for the deficits he has created? What kind of crap is THAT? He did it. The blame will forever rest with the most incompetent president in the last 100 years. Perhaps ever. Quit trying to dump it on a guy who has been out of the picture for a year and a half.