Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (121693)	9/24/2012 11:49:05 AM
From: RetiredNow	Respond to of 149317

Hi Sr K, PAYGO rules don't seem to amount to much. Our debt continues to get larger.

To: Sr K who wrote (121693)	9/24/2012 1:19:50 PM
From: tejek	Respond to of 149317

PAYGO is the law. You have to have offsetting increases for any tax cuts, just as you have to have offsetting tax cuts for any tax increases. That's why Romney used different language on the "60 Minutes" interview. Now he says there will be (offsetting) reductions in allowable deductions, with a framework (copying Obama) that there will not be any increase for the Middle Class. Scott Pelley forgot to ask what is Middle Class? I understand the concept of paygo. I don't understand how Americans can buy off on the concept of cutting the taxes for the rich even more.