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Cherae Stone's avatar

This will have to wait for my morning (full caf) coffee. I need to absorb what I’ve already read and seen before I can shovel more on top.

So, g’night.

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J. B. Levin's avatar

I like the illustration, but I could not find one crucial expenditure in the diagram which, if I understand things, belongs there: the infamous tax cuts. I can't believe how everyone seems to be ignoring the fact that a tax CUT is as much an EXPENDITURE as a new bomber: it reduces revenue instead of increasing outgo, but the effect on the budget deficit is EXACTLY THE SAME. I seem to recall that these were referred to at one time as "tax expenditures", for that is just what they are. If it were up to me, the first cuts in the budget's expenditures would be the extended tax handout to the billionaires and corporations, and that's where the deficit hawks should start looking.

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