Tyler Durden's picture CBO Estimates "Obama Tax Cut" To Add $4 Trillion To Deficit - Corvette Forum : DigitalCorvettes.com Corvette Forums
 
 
Go Back   Corvette Forum : DigitalCorvettes.com Corvette Forums > Other Discussions/Topics > News Room
Register Forums Garage Garage Mark Forums Read Auto EscrowInsurance

Notices

News Room This section is for discussing current events.

Shops/Tuners
Custom Image Corvettes
A&A Corvette
Corvette tuner

Interior
Corvette aftermarket products

Insurance

Parts & Products
Race Ramps
Edelbrock
ATI/Procharger
Corvetteguys.com
Melrose Motorsports
Parts Taxi
Airaid
Mid America Motorworks
Pfadt Racing
Madvette Motorsports
Hi-tech Custom Concepts
Corvette aftermarket products
Corvette Garage
Corvette Parts and Accessories
Corvette Car Care Products
Corvette HID
Mid America Motoroworks

Tracks/Schools
Bob Bondurant School of High Performance Driving
Corvette driving school

Wheels/Tires
Cray Wheels

Services
BADWERKS.com
Reply
 
Thread Tools
Old 01-02-2013, 05:48 AM   #1
Vette_Newb
Account Disabled.
 
Vette_Newb's Avatar
 
Posts: 26,797
Member #6180
Member since: Dec 2003
Location: In The Sticks

My Corvette(s)
1989 L98 Coupe

Thanks: 467
Thanked 444 Times in 346 Posts
Tyler Durden's picture CBO Estimates "Obama Tax Cut" To Add $4 Trillion To Deficit

First - it is no longer the "Bush (temporary) tax cut" - it is now the "Obama (permanent) tax cut", with a loophole for the 1%ers (whose big picture "impact" we showed previously)

Second - according to the just released scoring by the CBO, the total impact on the US budget deficit of said permanent tax cuts, will be a $4 trillion increase in the deficit over the next decade. In reality, due to the CBO's perpetual optimistic bias, this number will likely be orders of magnitude lower than what it actually ends up being.



Maybe the US can just increase the taxes on the uber wealthy some more, and pray that unlike Obelix, they have never heard of Belgium.

In other news, perhaps it is time for the CBO to come up with an Extended Extended Alternative Alternative Fiscal Scenario. Because the baseline Extended Alternative, as demonstrated previously and as shown below, may now be just a smidgeon optimistic.



http://www.zerohedge.com/news/2013-0...er-next-decade
Vette_Newb is offline   Reply w/quote Quick reply to this message
"When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal, not in goods, but in favors; when you see that men get richer by graft and by pull than by work, and your laws donít protect you against them, but protect them against you; when you see corruption being rewarded and honesty becoming a self-sacrifice; you may know that your society is doomed." Ė Ayn Rand
Sponsored Links
Advertisement
 
Old 01-02-2013, 11:59 AM   #2
blckslvr79
 
blckslvr79's Avatar
 
Posts: 19,474
Member #67576
Member since: Nov 2007
Location: Schererville, IN

My Corvette(s)
1979 L82 4speed

Thanks: 883
Thanked 306 Times in 255 Posts
Yeah, but we avoided the fiscal cliff thanks to Obama's leadership!

Whew! That was a close one.

Besides, you and I aren't going to be paying that debt.
blckslvr79 is offline   Reply w/quote Quick reply to this message
I'm taking care of my procrastination issues, just you wait and see.
Old 01-02-2013, 01:28 PM   #3
the machine
"Clown"
 
the machine's Avatar
 
Posts: 8,745
Member #67421
Member since: Nov 2007
Location: Glen Gardner NJ USA

My Corvette(s)
1966 Big Block Vert, 2008 Z06, 1969 435 , 1959 vert. Non vette ...2011 CTS-V wgn, 2014 silverado

Thanks: 33
Thanked 60 Times in 52 Posts
By the way...just so you all know, Obelix is a cartoon charcter from the Asterix comic book series. It was a french comic that started in news papers and was then turned into a comic book series. It was translated into more than 100 languages but when I was growing up reading them when I took trips to Spain as a kid they were only in French and Spanish. The series is about a Gaul village who resists Roman occupation and the adventures of the main Characters Asterix and Obelix.

Sorry just thought you all should now what this obscure reference refered to.
the machine is online now   Reply w/quote Quick reply to this message
Welcome to the Machine...... (I'm still a clown) this from Ponch (second time) who is supposed to be a moderator on this site....but of course if you disagree with him this is the sort of thing he does. It is simply amazing that anyone would give a guy who is so obviously childish and spiteful a position of authority.
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Corvette Forum : DigitalCorvettes.com Corvette Forums forums, you must first register.
Please enter your desired user name (12 CHARACTERS MAXIMUM), your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools

Posting Rules
You may post new threads
You may 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

Powered by vBadvanced CMPS v3.2.2

All times are GMT -6. The time now is 10:40 AM.




Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.
© 2003-2011, DigitalCorvettes.com - All Rights Reserved