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Old 07-01-2004, 12:49 PM   #11
sgtclub
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Scary Hilary Quote

Quote:
Originally posted by Mmmm, Burger (C.J.)
I'll give you some more time, but operating on 4% cuts ($400B of $10T) is a lot easier than 20% cuts ($400B of $2T).

If Congress doesn't hold the line on expenditures, and the tax revenues keeping declining because of cuts, there's no way to solve the problem. Both hard choices have to be made, and neither has been.
Agreed on all counts except revenues. While I don't hold the view that the tax cuts will pay for themselves completely, the revenue projections have already been adjusted upward from the projections.

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