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Re: Debt limit deal would reduce budget deficits by $1.5 trillion, Congressional Budget Office projects 

By: oldCADuser in FFT4 | Recommend this post (2)
Wed, 31 May 23 7:25 AM | 28 view(s)
Boardmark this board | FFT4 		Msg. 07536 of 13929
(This msg. is a reply to 07533 by zzstar)
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The CBO estimates that those changes would account for a $1.4 billion decrease in spending outlays, but a larger $2.3 billion decrease in revenues, and an increase in the deficit by an additional $900 million.”

That's like the guy who took longer steps to save wear & tear on his $5 shoes, but in the process, split his $10 pants.




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The above is a reply to the following message:
Debt limit deal would reduce budget deficits by $1.5 trillion, Congressional Budget Office projects
By: zzstar in FFT4
Wed, 31 May 23 3:49 AM 		Msg. 07533 of 13929

“ The CBO told McCarthy that rescinding the funding for the Internal Revenue Service would “result in fewer enforcement actions over the next decade and in a reduction in revenue collections.”

The CBO estimates that those changes would account for a $1.4 billion decrease in spending outlays, but a larger $2.3 billion decrease in revenues, and an increase in the deficit by an additional $900 million.”

http://www.cnn.com/politics/live-news/us-debt-ceiling-deadline-talks-05-30-23/index.html

Geniuses in control of the House, serving their tax loophole/evading masters.

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