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View Diary: WATCH: Why the Debates Are "All We've Got Left" (102 comments)

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  •  Yeah... I noticed his input there on the $4 T (0+ / 0-)

    He may have had a typo... dunno... but what matters is the fact that he makes the argument that the expiration of the tax cuts will provide substantial revenue (see the CBO report) and substantially cut the deficit naturally if there are no tweaks from Congress. But, Beutler is highlighting a further argument that both sides will not let the tax cuts expire because that surplus revenue will supposedly be a bad thing and the spending priorities will force a "bipartisan" deal for continuation of the status quo.

    The CBO says letting the tax cuts expire would reduce the deficit by almost $1 Trillion over the the next 10 years.


    In my honor he pulled out old forgotten dignity and walked straight in a crooked world. ~~poetry of young Barack Obama

    by bronte17 on Tue Oct 02, 2012 at 07:20:19 PM PDT

    [ Parent ]

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