The Cellar  

Go Back   The Cellar > Main > Current Events
FAQ Community Calendar Today's Posts Search

Current Events Help understand the world by talking about things happening in it

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 02-18-2010, 07:43 PM   #11
Redux
Guest
 
Posts: n/a
Pretty much what I said... it is not primarily attributable to the Recovery Act ($100 b in lost revenue from tax cuts and $100 b spending)....but to entitlements (SS/Medicare), other mandatory programs (medicaid, UI, etc), Defense (includes Iraq/Afghanistan funding for the first time) and TARP.

SO you really havent explained your claim that it was due to Recovery act funding.
'
Do you even understand that the biggest single piece of the Recovery pie is not spending...but tax cuts -- $288 out of $787... And yes, tax cuts impact the deficit as lost revenue. But both the tax cuts and the spending are spread out over 3 fiscal years.

Last edited by Redux; 02-18-2010 at 07:52 PM.
  Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 11:56 AM.


Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.