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View Diary: CBO slashes 2013 deficit forecast to $642 billion (10 comments)

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  •  kind of a self fulfilling prophecy (0+ / 0-)

    because by cutting spending, and foolishly, cutting it across the board, we a are slowing the economy and will therefore have less to tax.

    A one time surge is less important than continuing to strangle employment, and spending that stimulates the economy.

    And a lot of assets still represent losses to people, real estate hasn't recovered to pre-2008 levels.  Most people here have no trouble selling at a loss to avoid taxes.  Most won't sell because they would have to realize the loss (unless they have no choice).

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