Non-partisan CBO study says: Tax cuts do not create enough revenue to pay for themselves.

 

The various economic estimates imply changes in government revenues and interest payments. As noted above, the conventional estimate (without macroeconomic feedbacks) is that the tax policy, if implemented, would reduce revenues by a total of $466 billion over the first five years and an additional $775 billion over the second five years. Under various assumptions, the supply-side economic effects of the tax cut are estimated to offset between 1 percent and 22 percent of that revenue loss over the first five years and add as much as 5 percent to that loss or offset as much as 32 percent of it over the second five years (see Table 3). According to models that account for both supply-side and demand-side effects, those effects might offset somewhat less than 15 percent of the revenue loss over the first five years.

Edited January 1, 200620 yr by Balta1701

Non-partisan CBO study says:  Tax cuts do not create enough revenue to pay for themselves.

 

But it doesn't factor in the "I gave you money so you will vote for me" effect of the cuts.

Well, I'm happily married, vounteer through my church, and donate to charity on a regular basis. And I'll go out on a limb and say that I probably make less money than you. I guess that socialists and liberals really don't know much about hard-working conservatives.

 

You keep volunteering, spending time with your family, and thinking that you're a better person than me. I'll do the former two and put in the extra hours at work as well.

 

BTW, Warren Buffet is a Dem. If you enjoy financial success . . .

Non-partisan CBO study says:  Tax cuts do not create enough revenue to pay for themselves.

 

Thanks for the find. I had a discussion in some other thread in SLaP last week, where we debated which had more positive effect in bringing the economy out of the 2001/02 recession: the real estate run-up or tax cuts. I was pretty sure it was real estate. I am even more sure now.

 

Now I need to go find an article on the impact of the real estate boom...

The Top 8 Reasons the Government Might Be Wiretapping You

 

 

8> Your hold music? "Peace Train" by Cat Stevens.

 

7> Because you said, "Happy Holidays" instead of "Merry

  Christmas."

 

6> Listing your occupation on your 1040 as "mole" instead of

  "Roto-Rooter franchisee."

 

5> You still owe that bastard Cheney $20.

 

4> You signed Osama up at ChanukahGelt.com.

 

3> They're just free-riding on all the phone sex lines you call.

 

2> You made all those overseas calls to your beloved uncle,

  Benjamin Ladden.

 

 

and the Number 1 Reason the Government Might Be Wiretapping You...

 

 

1> Because Dick Cheney says they can.

 

 

 

            [  Copyright 2006 by Chris White    ]

            [      http://www.topfive.com      ]

Texas Comptroller Carole Keeton Strayhorn, the mother of White House Press Secretary Scott McClellan, is going to run for governor of Texas next year. Interestingly enough though, she's Leaving the Republican Party and running as an independent, mainly to avoid a primary fight with the Governor it seems.

Edited January 3, 200620 yr by Balta1701

Texas Comptroller Carole Keeton Strayhorn, the mother of White House Press Secretary Scott McClellan, is going to run for governor of Texas next year.  Interestingly enough though, she's Leaving the Republican Party and running as an independent, mainly to avoid a primary fight with the Governor it seems.

 

This is going to be an exciting election. Friedman, Strayhorn, Perry, and who knows who else will make a run.

 

I voted Perry in the last election.

I'd rather have Kinky Friedman.

James Moore, the guy who wrote the book "Bush's Brain" about Karl Rove, has apparantely been on our nation's no-fly list for over a year now. He can't get off, and no one will tell him why he's on it.

 

But Bill Clinton had all his opponents audited!

James Moore, the guy who wrote the book "Bush's Brain" about Karl Rove, has apparantely been on our nation's no-fly list for over a year now.  He can't get off, and no one will tell him why he's on it.

 

But Bill Clinton had all his opponents audited!

 

Yes, I sure wonder how he got on the list. Oh, wait. No I don't.

 

If you can't jail or kill people for speaking their minds, I guess you can still inconvenience the s*** out of them by not lettting them travel freely in their own country anymore.

Yes, I sure wonder how he got on the list.  Oh, wait.  No I don't.

 

If you can't jail or kill people for speaking their minds, I guess you can still inconvenience the s*** out of them by not lettting them travel freely in their own country anymore.

Should we start taking bets as to whether or not his phone and email have been tapped?

James Moore, the guy who wrote the book "Bush's Brain" about Karl Rove, has apparantely been on our nation's no-fly list for over a year now.  He can't get off, and no one will tell him why he's on it.

 

But Bill Clinton had all his opponents audited!

 

That's just... awful. I thought they put some sort of formal process in place back in '02 to address your presence on the list? What ever happened with that?

That's just... awful.  I thought they put some sort of formal process in place back in '02 to address your presence on the list?  What ever happened with that?

CNet news last month...There's no getting off that no fly list.

2,000 Peter Johnsons who have a problem flying because of the "no-fly" list.

CNet news last month...There's no getting off that no fly list.

 

Disgusting.

 

You know, I'm a political independent, and historically, one of the reasons I voted for GOP candidates is the idea of LESS government in MY business. They preach freedoms. But there is an awful lot of unamerican, unconstitutional and freedom-diminishing crap going on under this administration and this congress. The idea that 80k people can't fly, most of them for no good reason and with no redress, is frightening, and it should frighten all of us regardless of party affiliation.

You know, I'm a political independent, and historically, one of the reasons I voted for GOP candidates is the idea of LESS government in MY business.  They preach freedoms.  But there is an awful lot of unamerican, unconstitutional and freedom-diminishing crap going on under this administration and this congress.  The idea that 80k people can't fly, most of them for no good reason and with no redress, is frightening, and it should frighten all of us regardless of party affiliation.

I think one of the problems with creating any redress has been the fact that in terms of political-minded folks who have been targeted, as far as I can tell they've been exclusively on the left. Anti-war folks, Cat Stevens, this guy, hell even Ted Kennedy. Throw into that the fact that the ACLU has filed a lawsuit insisting the government provide a way to get off the list, and you once again have all the usual suspects lined up on each side.

 

You don't see Jonah Goldberg or Bill O'Reilly unable to fly because their names resemble someone on that list. If you did, then all of a sudden I bet they'd find a reason to fix it. Right now it's just those crazy anti-war liberals trying to rob the government of another vital tool that it needs to fight the war on terror, or at least that seems to be how enough important people evaluate it such that nothing changes.

Ever want to see what a stack of 160,000 FOIA requests looks like?

 

Shortly after the New York Times publicized the president's domestic-spying-without-a-warrant program, over 160,000 Americans signed a Freedom of Information Act Request along with Governor Dean in an attempt to determine just why President Bush believed he had the authority to undermine the Constitution. Earlier today Joe Sandler, DNC attorney, delivered each and every one of those FOIA requests to the Department of Justice. Here are some of the photos:

 

 

Ever want to see what a stack of 160,000 FOIA requests looks like?

Mine is in there somewhere.

Mine is in there somewhere.

Mine too.

 

Interesting piece on Dean's work @ the state level here if anyone is interested.

2,000 Peter Johnsons who have a problem flying because of the "no-fly" list.

 

Is anyone else really annoyed how any statement that any government agency wasn't doing a wonderfully perfect job is immediately translated into Oh those people just hate Bush? The Government seriously can do no wrong for these people with Bush in office.

When you think about it 160,000 isn't a lot compared to the millions that didn't vote for him.

Ahem..."FOR DEMS ONLY". I stayed out of your guys's thread.

 

We really need more firm rules for these.

Is anyone else really annoyed how any statement that any government agency wasn't doing a wonderfully perfect job is immediately translated into Oh those people just hate Bush?  The Government seriously can do no wrong for these people with Bush in office.

 

I just hope it stays patriotic to criticize a President when a Democrat gets elected and doesn't turn back into a "vast right wing conspiracy" like it was when anyone said anything about his holy Clinton.

I just hope it stays patriotic to criticize a President when a Democrat gets elected and doesn't turn back into a "vast right wing conspiracy" like it was when anyone said anything about his holy Clinton.

 

Complainers, extremists and conspiracy theories all make good copy. Of course that's what goes on, for any President. Same will happen to the new guy/gal in '08, regardless of party.