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The Inflation Reduction Act of 2022. Will it reduce Inflation

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253 posts in this topic

On 8/3/2022 at 8:09 AM, dena said:

If they tax business on gross income, look out.

How are folks going to run a business if it is taxed at the top line, not the bottom line, after expenses?

That is just crazy talk.

It's the last nail in the coffin of American small business.  That's what they're after.

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On 8/5/2022 at 5:18 PM, Nicky Da Fish said:

That's a chart of total debt not the deficit. Do you need the difference explained to you?

Deficit: How fast your debt grows.

Debt and Deficit, siamese twins, joined at the tax payers pocket.

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4 mins ago, Wraith said:

Deficit: How fast your debt grows.

Debt and Deficit, siamese twins, joined at the tax payers pocket.

Seriously? You realize you can Google just about anything and get the right answer before posting?

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When you have to borrow print or steal funds to conduct governmental day to day operations it a recipe for failure.

 

30+ trillion of primary debt

100+ trillion of unfunded liabilities. 

 

We've been operating this way for the last 40 years.

 

And all Congress does is cut the fuse ever shorter flick matches at the powder keg.

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2 mins ago, Gotcow? said:

And all Congress does is cut the fuse ever shorter flick matches at the powder keg.

Except the deficit is shrinking, go figure

Screen Shot 2022-08-05 at 1.18.41 PM.png

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1 min ago, Nicky Da Fish said:

Seriously? You realize you can Google just about anything and get the right answer before posting?

Right answer according to who?

It's interesting how hard people will hunt for the 'right' answer. Or should I say, 'most convenient' answer.......

 

Ockham's razor yet again.

 

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2 mins ago, Wraith said:

Right answer according to who?

It's interesting how hard people will hunt for the 'right' answer. Or should I say, 'most convenient' answer.......

 

Ockham's razor yet again.

 

Do you propose that the word "deficit" doesn't have an objective definition? You took a swing and whiffed, it's ok to admit that. Did you notice the other two who got called out slunk away? You should take a clue from them.

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7 mins ago, Nicky Da Fish said:

Except the deficit is shrinking, go figure

Screen Shot 2022-08-05 at 1.18.41 PM.png

Looks like it’s increasing to me

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49 mins ago, Markushook said:

Where’s June and July? That trend looks increasing, no? 

Deficit is a shortfall, it's measured in the negative. As the line goes up, deficit decreases.

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Posted (edited)

The line is going DOWN! I can read a freakin chart

It went up in and April and down in May and almost all preceding months prior to April. 

Edited by Markushook

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1 hour ago, Nicky Da Fish said:

Do you propose that the word "deficit" doesn't have an objective definition? You took a swing and whiffed, it's ok to admit that. Did you notice the other two who got called out slunk away? You should take a clue from them.

Let's try it this way then.

Your budget for the year is 12k. (1k per month in case the math is too much).

In June, your total revenue was $800, a $200 deficit.

In July, your total revenue was $900. Deficit reduced!!!!!! Takes bow, cracks open a beer!

Wife says big deal, we still owe the bank $750k......

Accountant says, next month, you need an extra $12.00 to service the increased debt from running a deficit. You want to make it $1012.00 now, or pull the $12.00 out of the beer fund and keep it at $1k?

 

You display a deficit reduction as being the second coming of Jesus, while totally ignoring the total debt and the increase to it from said deficit. Swing and a miss? Why yes, yes you did.......

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5 mins ago, Markushook said:

The line is going DOWN! I can read a freakin chart

It went up in and April and down in May and almost all preceding months prior to April. 

But but but it decreased! Or, it just doesn't suck quite as bad. 

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