Thread: Economics The Direckshun Grand Bargain
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Old 12-08-2012, 05:14 PM   #8
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Quote:
Originally Posted by Brainiac View Post
I voted no because your plan is pure fantasy.
Probably.

Quote:
Originally Posted by Brainiac View Post
By putting numbers on each individual line item, you are implying a level of precision that simply isn't there.
I largely copied the dollar amounts from experts from CAP to Heritage, who've provided the items I cherry picked.

This is how absolutely any deal that gets made is going to look. This is what Obama did when he turned in his proposal, it's what Boehner did when he turned in his. This is how the process works.

To shoot down a $6 trillion dollar deal because it might be off a few billion is silly.

Quote:
Originally Posted by Brainiac View Post
I'm still trying to figure out how repealing state and local taxes increases revenue. And 200 of your 300 billion in mandatory spending cuts consists of "miscellaneous cuts" and "measure inflation better".
Oh come now. I only used the phrase "miscellaneous" once, and it was $150 billion. Surely you're not going to say $150 billion is going to stand in the way of a $6 trillion plan.

As for the measure inflation better, it comes down to CPI. The federal government measures CPI too aggressively, assuming for too much inflation and spending on that miscalculation. There's support from both the right and the left to adjust CPI to a more manageable, accurate number. That alone will save billions.
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