- Posts: 9964
- Thank you received: 8
Please Log in or Create an account to join the conversation.
archer wrote: I thought the republicans wanted to cut spending and reduce the deficit, not leave it the same and allow the deficit to continue to rise. Guess they lied to the American people once again
Please Log in or Create an account to join the conversation.
The Viking wrote: Math (or algebra) (or economics) 101.......
X = the amount of revenue brought in from taxes in 2010
Y = the amount of revenue to be brought in from taxes in 2011
X = Y (THERE IS NO CHANGE) so there is no way that all of the sudden Y in 2011 which is the exact same as X in 2010 = a $900 billion dollar increase in the deficit!! That is a left talking point.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Topic Author
Something the Dog Said wrote:
The Viking wrote: Math (or algebra) (or economics) 101.......
X = the amount of revenue brought in from taxes in 2010
Y = the amount of revenue to be brought in from taxes in 2011
X = Y (THERE IS NO CHANGE) so there is no way that all of the sudden Y in 2011 which is the exact same as X in 2010 = a $900 billion dollar increase in the deficit!! That is a left talking point.
You are assuming that X=Y= amount spent by Congress. Perhaps a bit of remedial math would assist you.
X=Y= amount of annual revenue
Z= amount spent by Congress
Does X=Y=Z? of course not. X-Z= MORE DEFICIT
So the continuing of lowering what you are bringing in without lowering what you are spending will further increase the DEFICIT. Then you tack on the reduction of the estate tax for estates over $5 million, the 2 % reduction in the SS tax, business equipment write off, earned income tax credit, college tuition credit, etc. etc etc., you have an additional $900 billion tacked on to the deficit. I did not see a single item that referred to cuts in spending to lower Z to be in line with X, just a lowering of X.
Does this make it clear to you Viking?
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
The Viking wrote:
Something the Dog Said wrote:
The Viking wrote: Math (or algebra) (or economics) 101.......
X = the amount of revenue brought in from taxes in 2010
Y = the amount of revenue to be brought in from taxes in 2011
X = Y (THERE IS NO CHANGE) so there is no way that all of the sudden Y in 2011 which is the exact same as X in 2010 = a $900 billion dollar increase in the deficit!! That is a left talking point.
You are assuming that X=Y= amount spent by Congress. Perhaps a bit of remedial math would assist you.
X=Y= amount of annual revenue
Z= amount spent by Congress
Does X=Y=Z? of course not. X-Z= MORE DEFICIT
So the continuing of lowering what you are bringing in without lowering what you are spending will further increase the DEFICIT. Then you tack on the reduction of the estate tax for estates over $5 million, the 2 % reduction in the SS tax, business equipment write off, earned income tax credit, college tuition credit, etc. etc etc., you have an additional $900 billion tacked on to the deficit. I did not see a single item that referred to cuts in spending to lower Z to be in line with X, just a lowering of X.
Does this make it clear to you Viking?
You nailed it!!! But you guys keep blaming Y! Like keeping taxes the same is raising the deficit. It isn't!! It is Z!! The stupid out of control unpaid for SPENDING bills that congress and Obama keep passing! Z = TARP 1,2, and 3, Cash for clunkers, auto bailout, bank bailouts, wallstreet bailouts, fanny and freddie bailouts, failed stimulus, the disastor of a health care bill, and many others. It is not this vote of keeping 'Y' the same as 'X'. It is 'Z' that they won't stop raising that is creating the $900 billion dollar deficit and actually closer to $1.5 trillion in 2011. Congress can't keep raising 'Z' and then complaining that it is all the fault of keepiing Y the same as X which was fine for many years without Z quadrupling from 2007 when the Dems took over Congress. 'Z' is the problem!!
And you watch the fights to cut 'Z' when the Republicans take over in Jan. The Dems will scream bloody murder that they want to keep raising 'Z' (out of control spending) to help the economy, which hasn't worked yet, and then they want to pay for it by raising 'Y' (Taxes). So what are the Dems fighting for? More Y to pay for more Z rather than being responsible and cutting back on Z. The party of TAX AND SPEND.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.