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50% Tax Rate
Message
From
09/04/2010 03:31:54
 
 
To
08/04/2010 16:01:17
John Baird
Coatesville, Pennsylvania, United States
General information
Forum:
Politics
Category:
Taxes
Title:
Miscellaneous
Thread ID:
01458965
Message ID:
01459418
Views:
39
>>>Also I don't think anyone disagrees that things were in a bit of a mess when Obama took office. Arguably he inherited the problem. Also arguably it might have been worse if the Republicans had won.
>>>
>>>So Obama is trying to put out the fire by pouring gasoline on it. Sounds like plan to me.
>>
>>Isn't he continuing what Bush started. If not what was the Republican plan that wasn't implemented?
>>
>>>Any link to the Obama admistration predicting a 6.5 trillion deficit?
>>>
>>>http://thenationaldebtcrisis.com/the-national-debt-by-president/
>>
>>I've no idea what the provenence of that site is - but it contains no more information than you already gave...
>>The table here: http://en.wikipedia.org/wiki/United_States_public_debt from the Congressional Budget Office paints rather a different picture. Is it wrong ?
>
>
>How is Wikipedia any more correct? It can be changed by anyone, right?

True. But doesn't look as if anyone did : http://www.cbo.gov/ftpdocs/108xx/doc10871/Summary.shtml#1045449
IAC I'd still give more credence to Wikipedia than a single unsupported statement on unknown web-site.

Interestingly those figures project a continuing drop in total deficit year-on-year until 2015. But not based on any actions taken by the current administration but rather by the expiration of policies enacted under the previous administration. The reason given for the projected rise after 2015 is primarily the expectation of an increase in the interest rates applicable to the existing debt.
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