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re: National debt tops $22 trillion for the first time as experts warn of ripple effects
Posted on 2/13/19 at 5:22 pm to cahoots
Posted on 2/13/19 at 5:22 pm to cahoots
quote:Whoooosh!!! It went right over your head.
Automatic increases have been baked into the budget forever. It wasn't a new concept nor was it uniquely responsible for post-2009 deficits.
What he was pointing out is that the “stimulus” bill was sold as a one-time temporary expenditure. It wasn’t. It was added to the baseline budget.
As such... the way it was (and still is) referred to as a $787B expense is dishonest. You provided the perfect example by calling the “$1.5Trillion tax cuts” referring to the 10 year cost, not the $150B yearly cost. This distortion makes it look like Trump’s tax cut is larger. When in reality, it’s several multiples less.
This post was edited on 2/13/19 at 5:24 pm
1
Posted on 2/14/19 at 10:46 am to Taxing Authority
quote:
the “stimulus” bill was sold as a one-time temporary expenditure. It wasn’t. It was added to the baseline budget.
He didn't demonstrate this assertion to be true, or really even support it in the slightest. Can you?
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