Cooking the Books -- The 2010 Deficit Was $2.1 (Not $1.3) Trillion

[Grim17]

Gee... Who would have thunk it?

Bartlett: Cooking the Books -- The 2010 Deficit Was $2.1 (Not $1.3) Trillion
Bruce Bartlett (The Fiscal Times),
Cooking the Books: The 2010 Deficit Was $2.1 Trillion:

If corporate accountants used government rules for their financial statements, they’d be jailed. That’s why we rarely see the real number of the federal deficit—a terrifying $2.1 trillion last year. ...

In principle, changes in the cost of long-term commitments should be included in the budget, as they would under accrual accounting. The Financial Report takes a stab at doing so and finds that it would have almost doubled last year’s budget deficit from $1.3 trillion to $2.1 trillion.

TaxProf Blog: Bartlett: Cooking the Books -- The 2010 Deficit Was $2.1 (Not $1.3) Trillion

 

[samsmart]

Gee... Who would have thunk it?




TaxProf Blog: Bartlett: Cooking the Books -- The 2010 Deficit Was $2.1 (Not $1.3) Trillion

Glad to see you're in support of raising progressive taxes in order to make up for the larger deficit.

 

[Grim17]

Glad to see you're in support of raising progressive taxes in order to make up for the larger deficit.

Sorry, but I choose the American option of reducing government spending, not the socialist/communist option of raping the people by jacking up their taxes.

 

[samsmart]

Sorry, but I choose the American option of reducing government spending, not the socialist/communist option of raping the people by jacking up their taxes.

Oh. So you favor ending no-bid contracts to improve competitiveness for government contracts, reduction of farm subsidies, reduction of faith-based initiatives, and better enforcement of tax evasion laws and the funding to provide for those agents then.

 

[Barbbtx]

I was really excited after Nov 2 thinking the Conservatives could come in and really do something about government spending. Then Obama goes and uses executive order to get his way on the end of life medicare thing.
Now I come across this.


Expose Obama » George Soros

I'm feeling depressed. Should I be, or can the Republicans still actually accomplish something in the next 2 yrs ?

 

[Grim17]

I was really excited after Nov 2 thinking the Conservatives could come in and really do something about government spending. Then Obama goes and uses executive order to get his way on the end of life medicare thing.
Now I come across this.


Expose Obama » George Soros

I'm feeling depressed. Should I be, or can the Republicans still actually accomplish something in the next 2 yrs ?

Yet Glenn Beck, a man who for months and months has told his audience about CAP, George Soros and about the threat of Obama using executive orders to transform America into a progressive/socialist sh!t hole, is a lying conspiracy freak.

 

[BmanMcfly]

Oh. So you favor ending no-bid contracts to improve competitiveness for government contracts,

Is that what they say those 'no-bid contracts' are for???

I personally favor tactfully ending this process into a much more ethical process.

reduction of farm subsidies,

On the huge corporate farms... yes. Or maybe reform the system where farms do not require subsidies in order to be profitable... ya, food would become more expensive... but it's a cost that gets paid in one form or another regardless.

reduction of faith-based initiatives,

No, I don't believe it's appropriate to turn churches into government mouthpieces.

and better enforcement of tax evasion laws and the funding to provide for those agents then.

This is an issue in itself... they are 'better enforcing' on the middle class, while there is LESS enforcement of the wealthy (more then a million dollars a year of income)... I would actually support ending income taxes, complete tax reform.

 

[Wiseone]

Yet Glenn Beck, a man who for months and months has told his audience about CAP, George Soros and about the threat of Obama using executive orders to transform America into a progressive/socialist sh!t hole, is a lying conspiracy freak.

He's a TV entertainer, not the Oracle at Delphi

 

[Grim17]

He's a TV entertainer, not the Oracle at Delphi

A TV entertainer who has gotten a lot of things right...

That tends to happen when you take the time to do extensive research and take all the facts into consideration. Something that our main stream news media used to, until political priorities became more important to them than facts and the unvarnished truth did.

 

[Wiseone]

A TV entertainer who has gotten a lot of things right...

That tends to happen when you take the time to do extensive research and take all the facts into consideration. Something that our main stream news media used to, until political priorities became more important to them than facts and the unvarnished truth did.

You need to learn the difference between opinion and truth, saying the debt can be measured this way and these are the details can be truth. Saying its a bad thing is an opinion, now I don't disagree that the public debt is a bad thing but its an opinion. Beck is a man of extreme opinion, not truth, he may use truth at times, albeit strenched, to express his opinion but its still opinion.

 

[Grim17]

You need to learn the difference between opinion and truth, saying the debt can be measured this way and these are the details can be truth. Saying its a bad thing is an opinion, now I don't disagree that the public debt is a bad thing but its an opinion. Beck is a man of extreme opinion, not truth, he may use truth at times, albeit strenched, to express his opinion but its still opinion.

I think you have combined two separate discussions into one... The article I posted had nothing to do with Glenn Beck. My comments about him were in response to Barb's post.