The Soapbox

00 Hoo

Joined: 08/16/1998 Posts: 2852
Likes: 7297


OK, but the CBO did further estimate the growth impact of the tax cuts...


... at just $385B over the 10 years (link below), for a net (estimate at end 2017/early 2018) of $1.1T negative deficit impact over the 10 years, assuming the CBO's intelligent, non-static growth estimates.

And with further information and analysis, the CBO has subsequently adjusted those estimates to be even *worse* for the debt and deficit (including impacts to the deficit of interest on the increased debt).

I don't know why or how you would call that a win. You spent the whole day arguing that tax revenues went up in the past year, and now you're saying that tax revenue loss is "to be expected, and as we've seen in past tax cuts, it always dropped in the first few years until growth caught up."

And of course that growth "catching up" would be predicated on continued economic growth for years to come, which, I'm sorry, is just not realistic. As much as I hope I am wrong for my own personal sake and for that of the country, we've been in such a long boom and history tells us that cycles happen and we are due for a recession at some point in the next several years.

And none of that changes the fact that you are trying to claim a "win" by comparing apples and oranges metrics - one of those being how you want to measure things and the other being how the US government measures them (not the "crooked, fake news media," but the US government).

(In response to this post by Hoodafan)

Link: Macroeconomic effects of tax cuts


Posted: 06/10/2019 at 9:56PM



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Current Thread:
 
  
A simple request for the board. When you link to -- 111Balz 06/10/2019 2:44PM
  Sure bud.... -- ftwuva 06/12/2019 09:12AM
  LOL ** -- ryno hoo 06/10/2019 4:49PM
  Didn't know he was the one that cried about that ** -- HokieDan95 06/11/2019 10:50AM
  Oh. The humanity. ** -- 111Balz 06/11/2019 05:33AM
  You are comparing apples and oranges. -- 00 Hoo 06/10/2019 8:13PM
  The US economy is not static. Federal spending -- KCHoo 06/10/2019 5:30PM
  You are still pushing that garbage. ** -- 111Balz 06/10/2019 4:11PM
  Here's your answer -- 111Balz 06/10/2019 4:39PM
  Why read a less redacted version -- Hoodeac 06/10/2019 4:23PM
  Some more facts for those who did read on -- Hoodeac 06/10/2019 3:47PM
  I read "A Rape on Campus." What is your point? ** -- GoneFromBad 06/10/2019 3:03PM
  Are you telling me GoneFromBad comment was a -- VaTechie 06/10/2019 3:50PM
  Nothing to do with your response. ** -- 111Balz 06/10/2019 3:09PM
  Really strong response yourself. ** -- GoneFromBad 06/10/2019 3:25PM
  You mean try reading for comprehension? -- BambooHoo 06/10/2019 2:55PM
  And just what the mean do you fuck by that? ** -- Hoos Operator 06/10/2019 3:06PM

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