| famousringo said: Yeah, I wouldn't go looking to the White House for accurate economic data. "Real After-Tax Per Capita Personal Income Has Risen" is code for "Bush made a lot of tax cuts." Given that those tax cuts are a major reason for the huge deficit in the huge US Federal budget... |
Yeah, the government just makes up everything dood! Diebold Halliburton Enron Katrina Guantanamo 9/11 conspiracy!
From the 07/16/07 Economist: "Yet they have one weapon: the surprising strength of tax revenues, which have cut the budget deficit far quicker than anyone expected. The latest projections from the Congressional Budget Office show a budget deficit perhaps as low as $150 billion (though it could be as high as $200 billion) at the end of the year, just over 1% of GDP—less than at the end of Mr Clinton’s first term."
I can't find the graph online but the CBO predicts the budget deficit will shrink dramatically over the next 3-4 years because of increased tax revenues.
B-b-but tax cuts by-definition evil right?? Jon Stewart said so on the Daily Show and he was totally sarcastic and pretentious and the audience laughed at his snarky comments so it must be true. A tax cut leading to... econmic growth... increased tax revenues... deficit reduction: that's unpossible! Unprecedented in the annals of economic history!
Again, why are people discussing economics in a video game forum? But as long as they are... people should go subscribe to The Economist and rent The Commanding Heights. But if you're not an expert you can always leave the economics to U of Chicago Nobel Prize Winners.
We don't provide the 'easy to program for' console that they [developers] want, because 'easy to program for' means that anybody will be able to take advantage of pretty much what the hardware can do, so the question is what do you do for the rest of the nine and half years? It's a learning process. - SCEI president Kaz Hirai
It's a virus where you buy it and you play it with your friends and they're like, "Oh my God that's so cool, I'm gonna go buy it." So you stop playing it after two months, but they buy it and they stop playing it after two months but they've showed it to someone else who then go out and buy it and so on. Everyone I know bought one and nobody turns it on. - Epic Games president Mike Capps
We have a real culture of thrift. The goal that I had in bringing a lot of the packaged goods folks into Activision about 10 years ago was to take all the fun out of making video games. - Activision CEO Bobby Kotick
