CBO: If Obama allows the Bush tax cuts to expire, it will be a fiscal freefall

Surprise....the same tax cuts that the Democrats railed against years ago...and rail about still today - a study by the CBO says it would throw the country back into a recession.
Whaddya know...

 

Fox didn't say nutin about the speding cuts being part of the equation?

 

Is your first name Forrest?
In the above paragraph alone it mentions it twice.

 

I'm sure most Fox "News" viewers don't read...so again i ask....

 

Dammit - already a thread...http://www.usmessageboard.com/polit...f-if-bush-era-tax-cuts-allowed-to-expire.html

 

Strangely his thread title didn't mention the spending cut part of the equation either.

 

no one really believes that. funny, nothing went into a "free for all" when reagan raised taxes seven times.

 

So what the CBO really said is, cut the DEFICIT and the economy falls off the "fiscal cliff." Don't try to reduce the deficit and the economy grows by 4.4%.

Lyin' Ryan, Willard Romney, and the GOP want to cut the deficit NOW, IMMEDIATELY if not sooner, because they don't want the economy to recover before the election.

 

What the CBO said is that the reduced spending would result in GDP decline and the the reduced spending would be caused by the expired tax cuts. The FOX title is incorrect.

So austerity, reduced government spending, will cause an initial decline followed by growth due to a rebound. That doesn't sound to bad. If we can handle the initial decline due to reduced gov't spending. Another way to say it is that the reduced deficit will a short term detrimental effect while the tax increases will have a long term positive effect.

Sounds great to me, let's do that. Or do we not fare about the deficit now?

 

The CBO also said that ObamaCare would cost UNDER 1 Trillion dollars .

Just thought I'd throw that out there.