Posted on 11/08/2012 4:15:39 PM PST by mdittmar
The cbo has absolutley no credibility with the American people. The economy is passing up their lies... on its way to hell.
LLS
It's bad, but not as bad as we thought.
How can you kill something that's already dead?
The CBO propaganda memo not playing too well with the John Galt Society. Jobs are dropping off like the stock market.
Those 47% don’t care about tax increases, where have I heard that before?
John Roberts could not have said it better. Bohner now is negotiating with himself. Obama needs to do nothing.
That’s the problem with trying to model human economic behavior based on history.
That was my thought earlier to-nite: John Boner, the Traitor Roberts of the House.
IIRC the CBO only processes the numbers it is given by whomever requested the calculations. If the numbers are provided by Dhims then it’s all rainbows and skittles. If by RINOs then either rainbows or skittles, not both.
I think another operative word is 2013. I suspect a lot of taxpayers won’t see the real impact until they file their 2013 taxes in April 2014 and find themselves writing a big check to Uncle Sam because too little was withheld in 2013. In 2014 we will see those taxpayers assessing the real cost and doing tax planning to the extent possible. Whatever slowdown happens in 2013 is likely to pale compared to 2014 defensive tax planning.
You know....Intrade should do these projections /sarc. or not
Yep. I’m going to do my part to spend as little money into the economy as possible. ESPECIALLY in the case of left-leaning businesses.
I wonder if Vegas will make Odds on this?? Who are the nimrods running CBO?? Couldn’t find tag from The Onion anywhere in story??
Hmm... Well it sure won’t help the national debt either no will it.
It is because government first becomes inefficient, then incompetent, then corrupt. We have reached the corrupt stage.
Sure, sure. A modest increase in tax rates for the wealthy won’t really hurt anybody. It also won’t solve the problem, even slightly.
A massive increase in taxes on the middle class and upward in income would be necessary to make any real progress in deficit reduction, but would also kill jobs and send us into another recession, defeating the entire purpose.
Then deficits would skyrocket, as nanny state entitlements would necessarily skyrocket, but tax revenue would crash, creating greater and greater debt, at an even faster rate than before.
And does anyone think that any real budget cuts, or even a reduction in the rate of increase in social spending will be agreed to by Obama and Reid? Of course not. We are heading over the cliff to Recessionville in short order.
You hit it on the head. Those “200,000 jobs” are done by people, not bean-counter numbers.
Watch the rich take their money offshore and stop making investments in the US.
Yeah, that’s the way to help the American economy, Obama. Drive out the money that creates jobs while you print worthless Weimar Republic trillion-dollar notes.
You sure are a man of the people, just not our people. Red China loves you, as does Putin. Way to go, Comrade!
LOL! Okay, we will see.
They'll be back when things settle down.....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.