Quote:
Originally Posted by Tiny
Where did you pull that 5 trillion number Blackman? Out of Pinocchio's ass? The CBO and JCT estimates range from $2.3 to $3.3 trillion. And those are static estimates -- see Farmstud's post.
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The 5 trillion number is a what if. Right now some of the tax breaks Trump promised (and included in the bill) will expire in just a few years. If those are extended to the full 10 year period it increases the price of the bill to 5 trillion +.
But as I said before that’s not really the issue. If we want to get off the debt train we’ll need to start raising taxes when we are not in a recession. It’s straight up criminal to extend these tax breaks much less increase them with new giveaways.
Cutting expenses are an option on the table except for the fact that most of our federal expenses go towards serving the elderly and the military. Cutting NPR might give a conservative little toad like the heritage foundation a woody but it is a complete distraction from the actual problem.
