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Video: Environmentalists Disrupt Climate Deniers' Conference

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lawhawk12/09/2009 5:58:24 pm PST

re: #176 Sharmuta

If the tax system is adjusted and revenues increase before changes are made to how those revenues are spent; the difference builds a balance so that an accounting trick is performed in plain sight. You can claim a balanced budget over the span of 10 years by providing tax revenues for the entire 10 year period while expending those revenues over the condensed 7 year period.

This has to do with the phase in of the health care changes proffered under the various plans while the tax changes would come ahead of the health care changes.

The deficits accelerate the further away from passage you get; and the CBO notes that the costs will outstrip revenues in short order. That means that deficits are inevitable under the proposals.

The Economist found pretty much the same thing.