Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: markomalley

The problem isn’t the CBO, it that politician know how to game it.

eg. Collect taxes for 10 years and provide benefits for 6. Voila, Obamacare is a DEFICIT REDUCTION act.


8 posted on 01/21/2011 7:10:12 AM PST by DManA
[ Post Reply | Private Reply | To 1 | View Replies ]


To: DManA; markomalley
The problem isn’t the CBO

Yes, and no.

The name escapes, but ~1990, the Texas rep with the Ph.D in
Economics asked the CBO what's the take on a tax rate of 100%.

The CBO came back with the expected net income unadjusted for the certain decrease in economic activity, shifting of jobs, etc.

10 posted on 01/21/2011 7:31:57 AM PST by Calvin Locke
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson