The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Political Asylum

URL:  http://boards.fool.com/so-lets-set-to-rest-the-rather-silly-notion-that-30405184.aspx

Subject:  Re: Facts are stubborn things Date:  11/29/2012  1:16 PM
Author:  jerryab Number:  1840982 of 1963130

So let's set to rest the rather silly notion that "It's all the tax cuts' fault". That's crap. The BTCs "Cost" $1.5T/8 = just short of $200 billion a year.

Hmmm, my arithmetic is not that complicated.

"President Bush instituted two big tax cuts, one in 2001 and another in 2003. The first was implemented amid rosy predictions of a 10-year, $5.6 trillion surplus"

Projected outcome with tax cuts: $5.6+T surplus.
Actual outcome with tax cuts...: $1.3+T deficit (2011 FY)
Difference.....................: $6.9T

You are paying the difference in cash, right?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us