spin_dry Posted April 9, 2018 Share Posted April 9, 2018 https://www.cnbc.com/2018/04/09/the-gop-tax-plan-means-short-term-gains-for-the-economy-but-federal-debt-is-primed-to-explode-cbo-analysis-says.html Quote Link to comment Share on other sites More sharing options...
Anler Posted April 9, 2018 Share Posted April 9, 2018 Hey man, war cost money. Deal with it. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 9, 2018 Share Posted April 9, 2018 Out of control Budgets and reckless spending are only an outrage when democrats are doing it. So in 7 years get ready for people to be pissed! Quote Link to comment Share on other sites More sharing options...
MiSledder Posted April 9, 2018 Share Posted April 9, 2018 12 minutes ago, Nazipigdog said: Out of control Budgets and reckless spending are only an outrage when democrats are doing it. So in 7 years get ready for people to be pissed! Is this another spin/afj dupe? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 9, 2018 Share Posted April 9, 2018 It’s gonna take another Democratic Congress and White House to fix it AGAIN 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted April 9, 2018 Share Posted April 9, 2018 13 minutes ago, MiSledder said: Is this another spin/afj dupe? Go bite someone elses ankles, faggot! Quote Link to comment Share on other sites More sharing options...
ICEMAN! Posted April 9, 2018 Share Posted April 9, 2018 Fiscal Conservatism Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 9, 2018 Platinum Contributing Member Share Posted April 9, 2018 34 minutes ago, Mainecat said: It’s gonna take another Democratic Congress and White House to outspend the gop there ya go Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 9, 2018 Platinum Contributing Member Share Posted April 9, 2018 CBO deficit predictions. https://www.forbes.com/sites/theapothecary/2017/07/18/cbo-budget-projections-after-two-years-no-better-than-throwing-darts/#241370b967a2 Look at the chart below. It shows the deterioration of CBO predictive accuracy when it comes to the federal budget deficit. The circular markers show how accurate these predictions have been since 2009 in forecasting how large the federal budget deficit would be. As one can see, although CBO estimates are very good for the same year in which they are made, accuracy deteriorates rapidly. By year 3, CBO projections have actually been no better than luck. The accuracy metric used in the chart above is an industry-standard metric known as "Adjusted R Squared," which, to put it roughly, shows what percentage of variation in what you are trying to predict (the budget deficit) can be explained by your model relative to "throwing darts." So, when we say that the Adjusted R Squared of CBO predictions two years out is 0.57, that means that only 57% of the variation in the actual budget deficit has been predicted by the CBO. (Those interested in technical details should look at the notes below). Quote Link to comment Share on other sites More sharing options...
Anler Posted April 9, 2018 Share Posted April 9, 2018 15 minutes ago, Highmark said: CBO deficit predictions. https://www.forbes.com/sites/theapothecary/2017/07/18/cbo-budget-projections-after-two-years-no-better-than-throwing-darts/#241370b967a2 Look at the chart below. It shows the deterioration of CBO predictive accuracy when it comes to the federal budget deficit. The circular markers show how accurate these predictions have been since 2009 in forecasting how large the federal budget deficit would be. As one can see, although CBO estimates are very good for the same year in which they are made, accuracy deteriorates rapidly. By year 3, CBO projections have actually been no better than luck. The accuracy metric used in the chart above is an industry-standard metric known as "Adjusted R Squared," which, to put it roughly, shows what percentage of variation in what you are trying to predict (the budget deficit) can be explained by your model relative to "throwing darts." So, when we say that the Adjusted R Squared of CBO predictions two years out is 0.57, that means that only 57% of the variation in the actual budget deficit has been predicted by the CBO. (Those interested in technical details should look at the notes below). Well deficit is already over one trillion for 2019 and thats not a prediction. Thats double Obama's last year. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 9, 2018 Platinum Contributing Member Share Posted April 9, 2018 (edited) 1 minute ago, Nazipigdog said: Well deficit is already over one trillion for 2019 and thats not a prediction. Thats double Obama's last year. How is it not? Do they know exactly the tax receipts for next year? How about you tell me how much you will pay in taxes next year. I'm not saying it won't be but its still an analysis. Edited April 9, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
Anler Posted April 9, 2018 Share Posted April 9, 2018 16 minutes ago, Highmark said: How is it not? Do they know exactly the tax receipts for next year? How about you tell me how much you will pay in taxes next year. I'm not saying it won't be but its still an analysis. Oh well, lets just spend $2 trillion!!!! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 9, 2018 Platinum Contributing Member Share Posted April 9, 2018 Just now, Nazipigdog said: Oh well, lets just spend $2 trillion!!!! I don't like the spending either and actually wrote my Senators and congressman to please vote against the bill. Proud to say all 3 did vote against it. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 9, 2018 Share Posted April 9, 2018 3 minutes ago, Highmark said: I don't like the spending either and actually wrote my Senators and congressman to please vote against the bill. Proud to say all 3 did vote against it. blah blah.. Thats all strategy for those faggots. They bought enough votes and the ones who are up for re-election can vote no. After it passes they gobble up as much money as they can for their states. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 9, 2018 Platinum Contributing Member Share Posted April 9, 2018 Just now, Nazipigdog said: blah blah.. Thats all strategy for those faggots. They bought enough votes and the ones who are up for re-election can vote no. After it passes they gobble up as much money as they can for their states. I'm not disagreeing there. Doesn't mean we shouldn't want to keep more of what we earn. Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted April 9, 2018 Share Posted April 9, 2018 48 minutes ago, Nazipigdog said: Well deficit is already over one trillion for 2019 and thats not a prediction. Thats double Obama's last year. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted April 9, 2018 Share Posted April 9, 2018 3 hours ago, Mainecat said: It’s gonna take another Democratic Congress and White House to fix it AGAIN are you for real? your boy spent more money than all other presidents before him 1/2 of our current debt is square on his sholders. you fucks would not even let a budget on the floor for a fucking vote Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 9, 2018 Author Share Posted April 9, 2018 Anyone with common sense knows that this won’t end well. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted April 10, 2018 Share Posted April 10, 2018 21 minutes ago, spin_dry said: Anyone with common sense knows that this won’t end well. did you think the 10trillion Obama borrowed was a good plan with a solid ending . again I am 100% for cutting all spending starting at 25% across the board .then start making real cuts in a bit more discretionary manner. but you know sure shit what would be said if we even cut all spending across the board 2% Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 10, 2018 Share Posted April 10, 2018 44 minutes ago, Ez ryder said: are you for real? your boy spent more money than all other presidents before him 1/2 of our current debt is square on his sholders. you fucks would not even let a budget on the floor for a fucking vote Do you sleep a lot? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted April 10, 2018 Share Posted April 10, 2018 33 minutes ago, Mainecat said: Do you sleep a lot? no 7hrs do you not get the fact you are the preverbal pot calling the kettle black on most every issue including this one you cry about ? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted April 10, 2018 Platinum Contributing Member Share Posted April 10, 2018 (edited) What’s the problem.......the trickle will be awesome..... Or is it shit that flows downhill....... More increased spending and lower taxes Repugs are dumb motherfuckers Edited April 10, 2018 by SnowRider Quote Link to comment Share on other sites More sharing options...
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