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Tax Increase - Not Much Difference btw Full Extension & Obama Plan
08-18-2010, 07:31 PM
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#1
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Tax Increase - Not Much Difference btw Full Extension & Obama Plan
Deficit increase - Obama 3T; Full Extension 3.7T over 10 years
I'm surprised how little the difference is between the two - 700B or 70B/yr.
How the fight over tax breaks affects your bottom line | The Washington Post
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08-20-2010, 09:03 PM
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#2
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You know things are out of hand when $700 billion is a "little difference." That's only one half of one year of deficit. Crazy.
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08-21-2010, 07:54 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Quote:
Originally Posted by dgoldenz
You know things are out of hand when $700 billion is a "little difference." That's only one half of one year of deficit. Crazy.
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.....
Quote:
Originally Posted by dex
70B/yr. .....
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Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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08-21-2010, 09:13 AM
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#4
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I'm not stupid. I know that the $700B references 10 years...
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Disclaimer - I am an independent insurance agent. If the above message contains insurance-related content, it is NOT intended as advice, and may not be accurate, applicable or sufficient depending on specific circumstances. Don't rely on it for any purpose. I do encourage you to consult an independent agent for insurance-related advice if you have a question that is specific in nature.
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08-21-2010, 09:47 AM
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#5
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But after inflation over 10 years, it's only $400
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08-21-2010, 01:22 PM
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#6
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Quote:
Originally Posted by dgoldenz
I'm not stupid. I know that the $700B references 10 years...
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Certainly not calling you stupid but I think Dex was point out that you were comparing a ten year deficit to half od one years budget which is not an Apples to Apples comparison. 10 to 1.
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08-21-2010, 10:35 PM
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#7
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Quote:
Originally Posted by fisherman
Certainly not calling you stupid but I think Dex was point out that you were comparing a ten year deficit to half od one years budget which is not an Apples to Apples comparison. 10 to 1.
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I know. My point was that it amazes me that such a big change in law (and potentially, the economy) would only result in one half of one year's deficit being "paid off" (a.k.a. being used somewhere else and still adding to the deficit) even though the numbers used are a 10-year window. Meanwhile, another 9.5 year's worth of deficits will be adding up with no change in sight.
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Disclaimer - I am an independent insurance agent. If the above message contains insurance-related content, it is NOT intended as advice, and may not be accurate, applicable or sufficient depending on specific circumstances. Don't rely on it for any purpose. I do encourage you to consult an independent agent for insurance-related advice if you have a question that is specific in nature.
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09-19-2010, 03:28 PM
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#8
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I'll take a 700 billion deficit reduction any day. Now I'm sure we can come up with some more if we really try and get congress would work together instead of blocking reform.
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09-20-2010, 11:21 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Quote:
And a bag of chips...
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...not doing anything of true substance...
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