Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > InsideHoops Main Basketball Forums > Off the Court Lounge

Off the Court Lounge Basketball fans talk about everything EXCEPT basketball here

Reply
 
Thread Tools
Old 01-01-2013, 02:41 PM   #1
longhornfan1234
Local High School Star
 
Join Date: Jul 2011
Posts: 1,842
longhornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this boardlonghornfan1234 has one of the lowest reputations on this board
Default CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

http://www.businessinsider.com/cbo-f...0-years-2013-1

What a great plan.
longhornfan1234 is offline   Reply With Quote
Old 01-01-2013, 02:55 PM   #2
SpecialQue
NBA Superstar
 
SpecialQue's Avatar
 
Join Date: Nov 2010
Posts: 13,589
SpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years


SpecialQue is offline   Reply With Quote
Old 01-01-2013, 03:00 PM   #3
Jailblazers7
will-to-bigness
 
Jailblazers7's Avatar
 
Join Date: Jul 2006
Location: Pittsburgh, PA
Posts: 22,448
Jailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginableJailblazers7 is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

And if you bothered to read the 2nd sentence:

Quote:
You can find the score on the 2nd page of this embedded document. The bill adds nearly $4 trillion to the deficit over the next 10 years. Of course, this is against the baseline (which assumed the expiry of all tax cuts) so naturally undoing those tax increases was going to add a lot to the deficit.

If the Bush tax cuts were used as the baseline, then things would look very different.
Jailblazers7 is offline   Reply With Quote
Old 01-01-2013, 05:32 PM   #4
RedBlackAttack
The Paterfamilias
 
RedBlackAttack's Avatar
 
Join Date: Jun 2006
Location: The "Q"
Posts: 27,172
RedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginableRedBlackAttack is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by longhornfan1234
So, let me get this straight... You want to maintain all tax cuts, but are completely against any increase in the deficit?

Why am I not surprised? Wonder what the projected deficit would be if we also dramatically increased defense spending, as your side was proposing?
RedBlackAttack is offline   Reply With Quote
Old 01-01-2013, 05:57 PM   #5
Math2
Local High School Star
 
Math2's Avatar
 
Join Date: Apr 2010
Posts: 1,159
Math2 posts stuff that is definitely making some people angryMath2 posts stuff that is definitely making some people angry
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

The reason people are against tax increases are because it hurts the economy.
Math2 is offline   Reply With Quote
Old 01-01-2013, 06:33 PM   #6
SpecialQue
NBA Superstar
 
SpecialQue's Avatar
 
Join Date: Nov 2010
Posts: 13,589
SpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginableSpecialQue is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

I'm all for no taxes for anyone and every single aspect of our lives being privately funded. If someone in your family gets kidnapped and you can't afford the cops? OH WELL!!!
SpecialQue is offline   Reply With Quote
Old 01-01-2013, 07:03 PM   #7
boozehound
An uglier Lamar Doom
 
boozehound's Avatar
 
Join Date: Sep 2006
Posts: 24,256
boozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginableboozehound is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by Math2
The reason people are against tax increases are because it hurts the economy.
this is pure hogwash with no basis in economic reality. Almost every economist agrees that tax rates (still significantly lower that almost everywhere else that is an industrialized country) on personal income have nothing to do with restricting the economy or derailing job growth. Its empty rhetoric.
boozehound is offline   Reply With Quote
Old 01-01-2013, 07:04 PM   #8
Sarcastic
NBA Legend and Hall of Famer
 
Sarcastic's Avatar
 
Join Date: May 2010
Location: #KnicksTape
Posts: 22,121
Sarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginableSarcastic is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by Math2
The reason people are against tax increases are because it hurts the economy.

http://graphics8.nytimes.com/news/bu...andeconomy.pdf
Sarcastic is offline   Reply With Quote
Old 01-01-2013, 08:20 PM   #9
Jello
Hume>Kunt.
 
Join Date: Nov 2009
Posts: 1,609
Jello is starting to rub some people the wrong wayJello is starting to rub some people the wrong way
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Higher taxes are definitely the answer. We should go back to the top marginal tax bracket of 91% in 1955. Just make the bracket kick in at incomes of $60000, that way we can tax our way to a balanced budget. Ballooning entitlements and out of control spending is nothing to worry about, just raise the top marginal tax rate and our deficit woes will all go away.
Jello is offline   Reply With Quote
Old 01-01-2013, 08:36 PM   #10
nathanjizzle
life is exasperating
 
nathanjizzle's Avatar
 
Join Date: Apr 2011
Posts: 7,748
nathanjizzle has an EXTREMELY bad reputation around these partsnathanjizzle has an EXTREMELY bad reputation around these partsnathanjizzle has an EXTREMELY bad reputation around these partsnathanjizzle has an EXTREMELY bad reputation around these partsnathanjizzle has an EXTREMELY bad reputation around these parts
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

nathanjizzle is offline   Reply With Quote
Old 01-01-2013, 09:55 PM   #11
KevinNYC
Toronto Mayor Rob Ford
 
Join Date: Dec 2010
Posts: 8,425
KevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginableKevinNYC is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by Jailblazers7
And if you bothered to read the 2nd sentence:

It never fails does it?

Quote:
Originally Posted by Jailblazers7
If the Bush tax cuts were used as the baseline, then things would look very different.

Also, it would be nice to remember why we didn't want to go over the "fiscal cliff." The reason it would be bad, is it would LOWER THE DEBT TOO FAST. Which would be a contractionary shock to the economy. One reason our economy is growing at a weak rate, is we have a lot of private citizens paying down their debt. Money that is paying down debt is not used to buy goods or services, so if on top of this private debt deleveraing, we added public debt deleveraging, our economy would stop growing. This is what has happened in Europe where countries implemented austerity measures, their debt has actually gotten worse because their economies started contracting. The solution ended up making the problem worse.

People keep wanting to pretend that what Keynes had to say can be ignored, but he keeps making himself relevant, doesn't he?
KevinNYC is offline   Reply With Quote
Old 01-01-2013, 10:18 PM   #12
Jello
Hume>Kunt.
 
Join Date: Nov 2009
Posts: 1,609
Jello is starting to rub some people the wrong wayJello is starting to rub some people the wrong way
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by KevinNYC
It never fails does it?



Also, it would be nice to remember why we didn't want to go over the "fiscal cliff." The reason it would be bad, is it would LOWER THE DEBT TOO FAST. Which would be a contractionary shock to the economy. One reason our economy is growing at a weak rate, is we have a lot of private citizens paying down their debt. Money that is paying down debt is not used to buy goods or services, so if on top of this private debt deleveraing, we added public debt deleveraging, our economy would stop growing. This is what has happened in Europe where countries implemented austerity measures, their debt has actually gotten worse because their economies started contracting. The solution ended up making the problem worse.

People keep wanting to pretend that what Keynes had to say can be ignored, but he keeps making himself relevant, doesn't he?
"lower the debt too fast" You're dumb as shit. The fiscal cliff would only reduce a part of the deficit, not the debt. The fiscal cliff only limits how fast our public debt grows, it does not deleverage public debt. But of course everything will be solved by raising the top marginal tax rate. Yep.
Jello is offline   Reply With Quote
Old 01-02-2013, 12:01 AM   #13
kentatm
NBA Legend
 
kentatm's Avatar
 
Join Date: Jun 2006
Location: Dallas, Texas
Posts: 17,346
kentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by Jello
But of course everything will be solved by raising the top marginal tax rate. Yep.

pretty sure he has never said that is the only thing needed.
kentatm is offline   Reply With Quote
Old 01-02-2013, 12:13 AM   #14
miller-time
NBA sixth man of the year
 
miller-time's Avatar
 
Join Date: Nov 2007
Location: Sydney, Australia
Posts: 7,992
miller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops postermiller-time is considered a brilliant InsideHoops poster
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by kentatm
pretty sure he has never said that is the only thing needed.

ISH dude.. A minor point becomes your whole point here.
miller-time is offline   Reply With Quote
Old 01-02-2013, 12:37 AM   #15
kentatm
NBA Legend
 
kentatm's Avatar
 
Join Date: Jun 2006
Location: Dallas, Texas
Posts: 17,346
kentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginablekentatm is the Michael Jordan of posters with the best reputation imaginable
Default Re: CBO: Fiscal Cliff Deal Ads Nearly $4 Trillion To The Deficit Over The Next 10 Years

Quote:
Originally Posted by miller-time
ISH dude.. A minor point becomes your whole point here.

true true
kentatm is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 09:14 PM.




NBA Basketball Forum Key Links:
InsideHoops Home
NBA Rumors
Basketball Blog
NBA Daily Recaps
NBA Videos
Fantasy Basketball
NBA Mock Draft
NBA Free Agents
All-Star Weekend
---
High School Basketball
Streetball
---
InsideHoops Twitter
Search Our Site















Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy