ungenteel
Familiar Member
Joined: Dec 25, 2010 20:26:26 GMT -5
Posts: 560
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Post by ungenteel on Aug 6, 2011 22:20:01 GMT -5
<<What now for the Tax and Spend LIBERAL:Cost us>>
Me thinks it was the borrow and spend Republicans
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Post by privateinvestor on Aug 7, 2011 8:42:23 GMT -5
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,155 
Mini-Profile Background: {"image":"","color":"000307"}
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Post by djAdvocate on Aug 7, 2011 9:02:27 GMT -5
i think that both defense and medicare have to be targeted if we are serious about this. if we are not, then by all means, exempt both. |
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Post by BeenThere...DoneThat... on Aug 7, 2011 9:17:59 GMT -5
...boy, do I need to post to this thread... lots of karma being given here...     |
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ameiko
Familiar Member
Joined: Jan 16, 2011 10:48:22 GMT -5
Posts: 812
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Post by ameiko on Aug 7, 2011 10:14:09 GMT -5
<<What now for the Tax and Spend LIBERAL:Cost us>> Me thinks it was the borrow and spend Republicans Good thing that we have a growing "don't tax, don't borrow, don't spend" Tea Party that is growing in power. |
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ugonow
Senior Member
Joined: Dec 21, 2010 10:15:55 GMT -5
Posts: 3,397
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Post by ugonow on Aug 7, 2011 11:58:14 GMT -5
What now for the Tax and Spend LIBERAL:Cost us From S&P'S REPORT--The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.
[...]It appears that for now, new revenues have dropped down on the menu of policy options.
[...]The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.
[...]Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
[...]Our revised upside scenario…incorporates $950 billion of new revenues on the assumption that the 2001 and 2003 tax cuts for high earners lapse from 2013 onwards, as the Administration is advocating." ............................................................................. “ "We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”
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workpublic
Junior Associate
Catch and release please
Joined: Dec 30, 2010 14:01:48 GMT -5
Posts: 5,551
Favorite Drink: Heineken
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Post by workpublic on Aug 7, 2011 13:11:44 GMT -5
here's who caused it. the side that taxed and spent and the side that borrowed and spent.  |
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