CBO says Boehner's Bill Doesn't Cut Nearly As Much As He Claims

[Lostlover]

So, back to the drawing board for Boehner. Six days and counting. I thought President Obama's story about his children doing their homework well in advance was condescending, but clearly the president was going somewhere.

Evidently, the CBO (nonpartisan) is saying that Boehner has funny math. His numbers and theirs just aren't adding up. Boehner's estimated savings were off by about $400 billion dollars. To put it in GOP terms, since "deficits don't matter", that comes to be about 2/5 an Iraq war.

Is this sloppiness what you want to base your budget on for the next ten years?

http://www.washingtonpost.com/blogs...-re-work-plan/2011/07/26/gIQAVPnYbI_blog.html

 

[hotatlboi]

Boehner's plan is a joke. You know the pig-headed Repubs are just going to make the same argument a few months from now and refuse to compromise while threatening us with economic collapse unless they get 100% of what they want and don't you DARE include anything else.

 

[jackoroe]

So, he's going to come back with bigger cuts. Good on him! The ratings companies have demanded $4,000,000,000,000 in cuts to avoid a downgrade. That's what our goal should be.

 

[Lostlover]

So, he's going to come back with bigger cuts. Good on him! The ratings companies have demanded $4,000,000,000,000 in cuts to avoid a downgrade. That's what our goal should be.

No. His math was wrong. His cuts won't do what he said they'd do. That's not exactly a vote of confidence from the CBO.

 

[hotatlboi]

So, he's going to come back with bigger cuts. Good on him! The ratings companies have demanded $4,000,000,000,000 in cuts to avoid a downgrade. That's what our goal should be.

He's going to come back in 6 months with the same uncompromising intransigence that is causing this whole mess to drag out.

No one disputes that we need trillions in deficit reduction.

But the poor should NOT be asked to pick up 100% of the tab.

 

[bretski40]

i say let it default. we deserve the morons we voted for.

 

[jackoroe]

i say let it default. we deserve the morons we voted for.

We've defaulted on our financial obligations at least three times since the 1930's. Roosevelt defaulted on our obligation to exchange gold certificates for gold. He further prohibited Americans from holding gold. LBJ defaulted on his obligation to exchange silver certificates for silver. Nixon defaulted on his obligation to allow foreigners to exchange dollars for gold.

So saying we have never defaulted isn't true.

 

[BostonPirate]

We've defaulted on our financial obligations at least three times since the 1930's. Roosevelt defaulted on our obligation to exchange gold certificates for gold. He further prohibited Americans from holding gold. LBJ defaulted on his obligation to exchange silver certificates for silver. Nixon defaulted on his obligation to allow foreigners to exchange dollars for gold.

So saying we have never defaulted isn't true.

what does the gold and silver standards have anything to do with this? Are you one of those tea party types that thinks we need to sell the gold in fort Knox to ballance the budget? Do you even believe its there? IF you do, would you prefer we go back to silver and gold coinage only as a means of payment of debt?

Cantor wants to stop printing the congressional records, because he thinks it costs too much and EVERYBODY important has a computer, but paper money is just too high tech??

how is that defaulting on the debt ceiling?

what twisted logic got you to that end?

I fail to see the relevance, but thanks for a heads up on what Rush was talking about today

 

[White Eagle]

jackoroe
So, he's going to come back with bigger cuts. Good on him! The ratings companies have demanded $4,000,000,000,000 in cuts to avoid a downgrade. That's what our goal should be.

__________________


I'm sorry, but I'm gonna have to put you on my enemies list. I cannot live on any cuts done to any entitlements. You'll say it won't effect me cause I'm over 65, but you don't really know Rick Perry. He is going to cut medicaid for sure. I might get by on VA health care, but I can't be sure of that either.
We will surely have to move and my partner and I are too ill to be moving again.

 

[chrisrobin]

"Math is hard!" - J. Boehner

...but you are not, Boner. What you are is a duplicitous, lying piece of shit that is being led around by the Teabaggers. You cannot even control your own caucus. Save that seat of yours for Mr. Cantor! And while you're at it, go have another drink.

 

[Kulindahr]

So, he's going to come back with bigger cuts. Good on him! The ratings companies have demanded $4,000,000,000,000 in cuts to avoid a downgrade. That's what our goal should be.

So what you want to do is balance the budget on the backs of the poor.

I don't care if that's a tired slogan; you either cut military spending by 2/3 and abandon our highways (like we haven't already), plus eliminate several entire other departments, or that's what it boils down to. It isn't possible to balance this budget just by cuts.

And if you did it that way, and managed not to touch any of the programs for those in need, you'll crash the economy because you'll have sent a million people into unemployment.

We've defaulted on our financial obligations at least three times since the 1930's. Roosevelt defaulted on our obligation to exchange gold certificates for gold. He further prohibited Americans from holding gold. LBJ defaulted on his obligation to exchange silver certificates for silver. Nixon defaulted on his obligation to allow foreigners to exchange dollars for gold.

So saying we have never defaulted isn't true.

That comparison is like a high school kid applying for a job claiming experience painting because he did fingerpainting when he was 5.

 

[White Eagle]

...but you are not, Boner. What you are is a duplicitous, lying piece of shit that is being led around by the Teabaggers. You cannot even control your own caucus. Save that seat of yours for Mr. Cantor! And while you're at it, go have another drink.

Oh, you're talking about Boner. I thought at first you were talking to Donny.
My bad.