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(7,515 posts)

7. We borrow 40 cents

Wed Jan 2, 2013, 09:29 AM

Jan 2013

for every dollar we spend...No spending cuts equals more debt. The revenue increase is nowhere near enough to change that dynamic.

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14 replies

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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