Boyle on 41:1 – Today’s Quote

Posted by Quote on Jan 2, 2013 in Frugality, Government Gone Wild, Quote, There Shouldn't be a Law, Your Tax $ | 0 comments

According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

Matthew Boyle via Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases.