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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (619455)	7/15/2011 2:09:54 AM
From: i-node	Respond to of 1576160

If a budget deal is reached, officials will undoubtedly boast about how much their deal “reduces the deficit.” They will use numbers like $1 trillion, $2 trillion, or even $4 trillion of deficit reduction. You should be wary of such numbers, which are easily gimmicked. It is the "jobs created or saved" argument, all over again. And both sides do it, no doubt about it. The only real truth is that there can be no truth. Because there are no absolute metrics. Because "tax increases" are "Revenue Enhancements". Budget cuts are not cuts at all, but reductions in what might have been or worse, rates of change in what might have been. And if one looks at Social security & Medicare, "Borderline Insolvent" means trillions in "surpluses". The bottom line is there is no bottom line.