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The 2 trillion 'error' - Turns out Turbo Tax Timmy lied again
NRO ^ | Andrew C. McCarthy

Posted on 08/08/2011 1:44:29 PM PDT by JosephSmithNAW

.....Yet, as S&P has explained, unlike the administration and the CBO, it focuses on a three-to-five year window. S&P finds that this timeframe, which is more in the control of the current Congress and president, is a more reliable predictor of financial health than illusory ten-year forecasts....

(Excerpt) Read more at nationalreview.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: barneyfrank; democrats; downgrade; geithner; larryodonnell; obama; onthedownlow; standardpoors; taxcheatparty; teapartydowngrade

1 posted on 08/08/2011 1:44:31 PM PDT by JosephSmithNAW
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To: JosephSmithNAW

To be fair, Turbo Tax is probably not programmed to deal with numbers in the Trillions. :-/

IOW: Timmy is in w-a-y over his little head.


2 posted on 08/08/2011 1:53:17 PM PDT by AFreeBird
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To: AFreeBird

MSNBC and CNN were reporting conflicted reports one second it was Timmy and the Obama admin supposedly saying the math is wrong then they changed it and said The Treasury Dept. said this?


3 posted on 08/08/2011 1:58:20 PM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: Dubya-M-DeesWent2SyriaStupid!

It’s the Tea Party’s fault.


4 posted on 08/08/2011 2:07:08 PM PDT by AFreeBird
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To: JosephSmithNAW

Doing a heck of a job there, Timmy!


5 posted on 08/08/2011 2:10:03 PM PDT by 11x62
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To: JosephSmithNAW

I keep saying this: How is it the Tea Party’s fault if S&P made a $2 trillion error? I wish a talking head would ask this.


6 posted on 08/08/2011 2:11:18 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: JosephSmithNAW

well you know, TTT has a little trouble with numbers...


7 posted on 08/08/2011 2:12:04 PM PDT by bigbob
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To: AFreeBird

"Mirror Mirror On The Wall; Who The Best Progressive Communist Radical Of Them All? Please Don't Let the Snakes Come Out Of My Mouth Today I am not Done With the Big Deception."


8 posted on 08/08/2011 2:12:08 PM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: 11x62

9 posted on 08/08/2011 2:14:33 PM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: Terry Mross

Great point. Timmy needs to have a lil chat with Kerry et al. Need to get their messaging in line.


10 posted on 08/08/2011 2:17:31 PM PDT by JosephSmithNAW
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To: JosephSmithNAW

A One Year Forecast must be constantly monitored and updated! A Five Year Strategic Plan is a Forecasted Guess min Corporate America and is the Best Corporate Long Range Forecast Possible! 10 yrs is just dreamin!! Total AREO FRITTO!! Our Government has gone Crazy! Doesn’t Bonehead and McConnell understand what the American Public gave them in the 2010 Elections? CUT THE FREAKIN FEDERAL GOVERNMENT AND IT’S EMPLOYEES!! WE haven’t heard a word about cutting the Federal Bureacracy, bloated beyond belief! nor about ending Baseline Budgeting! Obama doubled the number of Federal Limosines alone, go down the spending line by Line, there is no detail not worth investigating! The Government Fraud has to be a Cancer worse than anything an Honest Citizen can Imagine!


11 posted on 08/08/2011 2:36:31 PM PDT by True Republican Patriot (May GOD SAVE OUR AMERICA from ALLAH and his Prophet, HUSSEIN OBAMA!!)
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To: JosephSmithNAW

I don’t know who to believe, but I lean STRONGLY in the direction of Andrew McCarthy and S & P.


12 posted on 08/08/2011 3:15:26 PM PDT by PghBaldy (War Powers Res: http://avalon.law.yale.edu/20th_century/warpower.asp)
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To: JosephSmithNAW

bump


13 posted on 08/08/2011 5:26:15 PM PDT by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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