Skip to main content

View Diary: CBO slashes 2013 deficit forecast to $642 billion (10 comments)

Comment Preferences

  •  kind of a self fulfilling prophecy (0+ / 0-)

    because by cutting spending, and foolishly, cutting it across the board, we a are slowing the economy and will therefore have less to tax.

    A one time surge is less important than continuing to strangle employment, and spending that stimulates the economy.

    And a lot of assets still represent losses to people, real estate hasn't recovered to pre-2008 levels.  Most people here have no trouble selling at a loss to avoid taxes.  Most won't sell because they would have to realize the loss (unless they have no choice).

Subscribe or Donate to support Daily Kos.

  • Recommended (158)
  • Community (73)
  • Baltimore (70)
  • Bernie Sanders (50)
  • Freddie Gray (39)
  • Civil Rights (38)
  • Hillary Clinton (29)
  • Elections (28)
  • Culture (26)
  • Racism (24)
  • Labor (21)
  • Education (21)
  • Law (21)
  • Economy (19)
  • Rescued (19)
  • Media (19)
  • 2016 (17)
  • Science (16)
  • Environment (15)
  • Politics (15)
  • Click here for the mobile view of the site