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Author Topic:   Budget Deficit Forecast cut by 100 Billion
Tal
Member (Idle past 5677 days)
Posts: 1140
From: Fort Bragg, NC
Joined: 12-29-2004


Message 1 of 43 (223597)
07-13-2005 1:18 PM


Link
How about that, Bush's tax cuts are working.
July 13 (Bloomberg) -- The Bush administration cut its estimate for this year's budget deficit to $333 billion from a forecast of $427 billion in February because job and income growth is boosting tax receipts faster than expected.

Replies to this message:
 Message 2 by Jazzns, posted 07-13-2005 1:25 PM Tal has not replied
 Message 3 by Chiroptera, posted 07-13-2005 1:35 PM Tal has not replied
 Message 16 by crashfrog, posted 07-13-2005 9:24 PM Tal has replied

  
Tal
Member (Idle past 5677 days)
Posts: 1140
From: Fort Bragg, NC
Joined: 12-29-2004


Message 7 of 43 (223619)
07-13-2005 4:04 PM
Reply to: Message 6 by Yaro
07-13-2005 3:27 PM


I love how you guys react to good news!
Yes, but he got a blow job, so it dosn't count.
Don't forget he commited purgery.

I helped scare an old person-I stopped someone from keeping more of their money-So what if people want to have say in the places they live and the cars that they drive-I gave money to an environmental group that helped keep us dependant on foreign oil-I help the enemies of democracy get stronger by telling them laws don’t matter-What if one day I need an abortion-Sex with an intern, everybody does it-I help teach kids around America that America is always wrong
Do you know what your DNC stands for?

This message is a reply to:
 Message 6 by Yaro, posted 07-13-2005 3:27 PM Yaro has replied

Replies to this message:
 Message 8 by Chiroptera, posted 07-13-2005 4:09 PM Tal has not replied
 Message 9 by Yaro, posted 07-13-2005 4:10 PM Tal has not replied
 Message 10 by Dead Parrot, posted 07-13-2005 4:17 PM Tal has not replied
 Message 12 by coffee_addict, posted 07-13-2005 4:56 PM Tal has not replied
 Message 40 by nator, posted 07-15-2005 2:41 AM Tal has not replied

  
Tal
Member (Idle past 5677 days)
Posts: 1140
From: Fort Bragg, NC
Joined: 12-29-2004


Message 23 of 43 (223769)
07-14-2005 2:35 PM
Reply to: Message 16 by crashfrog
07-13-2005 9:24 PM


Does Bush's tax cuts suddenly make it profitable to do that? I don't understand how it would but I invite any of you to explain it to me.
The historical record couldn't be clearer. The Kennedy tax-rate reductions that triggered the prosperity of the 1960s and produced a windfall of government revenues indeed ended up helping balance the budget in 1964-65. Federal revenues doubled in the 1980s as a result of the Reagan tax-rate cuts. Today the evidence continues to mount that the Bush tax-rate reductions of 2003 also got the economy moving again and are leading to increased federal revenues.
The most compelling evidence comes from the latest Congressional Budget Office monthly report, which shows the totals for the first eight months of fiscal 2005 and tells us most of the story for the whole year. The most notable figure in the CBO report is that corporate income tax receipts are up a stunning 47.5 percent this year. Individual income taxes are also up sharply this year, leaping 20.5 percent over last year.
Bush's tax rate reductions, like JFK's supply-side tax cuts, have successfully reduced the deficit, despite Congress's continuing lack of spending discipline. While outlays have jumped by $110 billion so far this year, revenues have far outpaced them, rising by $183 billion and thus closing the budget deficit by $73 billion.
link
In short, tax cuts spur economic growth and all ships rise with the tide which puts more revenue in the Govt's treasury.
This message has been edited by Tal, 07-14-2005 02:39 PM

I helped scare an old person-I stopped someone from keeping more of their money-So what if people want to have say in the places they live and the cars that they drive-I gave money to an environmental group that helped keep us dependant on foreign oil-I help the enemies of democracy get stronger by telling them laws don’t matter-What if one day I need an abortion-Sex with an intern, everybody does it-I help teach kids around America that America is always wrong
Do you know what your DNC stands for?

This message is a reply to:
 Message 16 by crashfrog, posted 07-13-2005 9:24 PM crashfrog has replied

Replies to this message:
 Message 33 by crashfrog, posted 07-14-2005 6:13 PM Tal has not replied

  
Tal
Member (Idle past 5677 days)
Posts: 1140
From: Fort Bragg, NC
Joined: 12-29-2004


Message 24 of 43 (223772)
07-14-2005 2:42 PM
Reply to: Message 18 by jar
07-13-2005 10:01 PM


Or the Good News is that the problem is 1/4 solved. I think that's huge considering 911.

I helped scare an old person-I stopped someone from keeping more of their money-So what if people want to have say in the places they live and the cars that they drive-I gave money to an environmental group that helped keep us dependant on foreign oil-I help the enemies of democracy get stronger by telling them laws don’t matter-What if one day I need an abortion-Sex with an intern, everybody does it-I help teach kids around America that America is always wrong
Do you know what your DNC stands for?

This message is a reply to:
 Message 18 by jar, posted 07-13-2005 10:01 PM jar has not replied

Replies to this message:
 Message 25 by Jazzns, posted 07-14-2005 3:04 PM Tal has not replied
 Message 29 by Chiroptera, posted 07-14-2005 4:59 PM Tal has not replied

  
Tal
Member (Idle past 5677 days)
Posts: 1140
From: Fort Bragg, NC
Joined: 12-29-2004


Message 43 of 43 (226261)
07-25-2005 2:50 PM
Reply to: Message 42 by jar
07-15-2005 11:49 AM


Re: Who is conservative?
Since the last few threads you'vce started have been filled with misinformation and errors
Ah, you mean like the Karl Rove is a traitor thread?

Do Not Reply to this. It is totally Off Topic. Tal, you continue to violate forum guidelines. You are suspended for 24 hours.

This message has been edited by AdminJar, 07-25-2005 05:13 PM

I helped scare an old person-I stopped someone from keeping more of their money-So what if people want to have say in the places they live and the cars that they drive-I gave money to an environmental group that helped keep us dependant on foreign oil-I help the enemies of democracy get stronger by telling them laws don’t matter-What if one day I need an abortion-Sex with an intern, everybody does it-I help teach kids around America that America is always wrong
Do you know what your DNC stands for?

This message is a reply to:
 Message 42 by jar, posted 07-15-2005 11:49 AM jar has not replied

  
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