Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

jpljr77

(1,005 posts)

5. This is the most dishonest talking point in a while. Seriously.

Reply to Honeycombe8 (Original post)

Wed Jan 2, 2013, 08:18 AM

Jan 2013

It comes from the CBO "score" of the deal done yesterday, 1/1/13. The CBO uses as its baseline "current" law. Well, on 1/1/13, current law was the fiscal cliff (expiration of ALL Bush tax cuts and the spending cuts through sequestration). So compared to THAT "reality," the deal adds $4T over 10 years.

Here is The Hill writing about it.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

14 replies

= new reply since forum marked as read

Highlight:

How does this fiscal deal add $4 Trillion to the nat'l debt? [View all] Honeycombe8 Jan 2013 OP

It didn't cut any spending... Sekhmets Daughter Jan 2013 #1

.. but it did not add to the debt. Buzz Clik Jan 2013 #2

We borrow 40 cents Sekhmets Daughter Jan 2013 #7

Agreed. But that was true 24 hours ago. Buzz Clik Jan 2013 #10

Yes, Sekhmets Daughter Jan 2013 #14

The CBO scores it as adding $4 trillion in the next ten years, Motown_Johnny Jan 2013 #9

Thank you. Buzz Clik Jan 2013 #11

Not really. They compare it to the way the law was Motown_Johnny Jan 2013 #12

Fair enough. It was one possible trajectory. Buzz Clik Jan 2013 #13

we were under sequestration when the deal was made...nt SCliberal091294 Jan 2013 #3

Christine Romans on CNN this am said the 4 Trillion dollar score.. nenagh Jan 2013 #4

This is the most dishonest talking point in a while. Seriously. jpljr77 Jan 2013 #5

Because the vast majority of Bush tax cuts were made permanent... kentuck Jan 2013 #6

Tax cuts add to debt. We made permanent the tax cuts for everyone Motown_Johnny Jan 2013 #8