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To: Your Nightmare
In fact, Nightie a few threads you were attacking the Transitional Inventory Credit, claiming (erroneously - which you have never admitted BTW) that items qualifying for the credit did not have to be taxable under the FairTax (they do).

In addition, you several times pushed a number of the inventory subject to the credit to be $1,224 billion (or some such preposterous amount and you finally after much urging posted your source from which it could be seen that "your number" represented all possible inventory in the entire economy qualifying or not. You kept insisting that $1,224 was the right number but finally realized that it wasn't but never admitted that you had lied.

I said at the time:

"To: Your Nightmare Well, nightie, what you've actually admitted is that you lied in #186 which is where you tried to make the people think the number was $1,224B. And you (lamely) tried to claim that you didn't lie. Why not just confess? It is very clear.

I was being generous (to you) by saying you had inflated the number by over 300%. If the comments Linder made are correct, that makes you as big a liar and fool as looey at a 400% error rate (or to be more precise - a 409% error rate - sorry looey). I think you owe looey an apology for out-lying him. You're a real piece of work and still haven't admitted to your lie. Why is that?

And why is it that you do not go on with the passage in that same part of his testimony where he says in connection with this "cost" that this allows fixing S/S in less than 15 years rather than the present evaluation of 75 years. That more than pays for it right there you see."

That was actually far more than just "misinformation" - and Looey is probably still mad at you for outdoing him.

648 posted on 04/13/2006 6:28:23 PM PDT by pigdog
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To: pigdog
In fact, Nightie a few threads you were attacking the Transitional Inventory Credit, claiming (erroneously - which you have never admitted BTW) that items qualifying for the credit did not have to be taxable under the FairTax (they do).
You don't want to accept that the Transitional Inventory Credit applies to "work in process" and that the credit rights can be sold with the goods.

Is it so hard to believe that in a $12 trillion economy, there are $1.2 trillion goods in inventory or work in process at any particular time? Seems reasonable to me.
649 posted on 04/13/2006 7:26:40 PM PDT by Your Nightmare
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