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Thread: I Bonds or TIPS

  1. #21
    Simpleton Alan's Avatar
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    Quote Originally Posted by Rogar View Post
    I see one of the big cut backs is cutting funding for the IRS. I wonder what that's all about?
    I think they keep $60B of the $80B they were granted in the Inflation Acceleration Act. I wouldn't consider that "cutting funding" as much as "clawing back some of the excessive funding".
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  2. #22
    Senior Member Rogar's Avatar
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    Quote Originally Posted by Alan View Post
    I think they keep $60B of the $80B they were granted in the Inflation Acceleration Act. I wouldn't consider that "cutting funding" as much as "clawing back some of the excessive funding".
    No argument from me. I had the impression that the IRS was originally underfunded and unable to track down people illegally playing the system or abusing loopholes. Leaves me to wonder how much is excessive and how much is prudent?

  3. #23
    Simpleton Alan's Avatar
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    Quote Originally Posted by Rogar View Post
    No argument from me. I had the impression that the IRS was originally underfunded and unable to track down people illegally playing the system or abusing loopholes. Leaves me to wonder how much is excessive and how much is prudent?
    If I'm not mistaken, the $80B was supposed to be doled out over time and the $20B in question wasn't due to be used until after 2026. Who knows what other budgetary windfalls they'll enjoy by then?
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  4. #24
    Senior Member jp1's Avatar
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    So the debt ceiling deal passed in the house quite dramatically, 314 to 177 on a bipartisan basis. Apparently the "burn it all down" wing of the republican party is livid. It will be amusing to watch Mike Lee and Rand Paul howl at the moon with their pointless histrionics as the bill works it's way through the senate before inevitably being signed into law by the man that republicans have wrongly written off as senile and incompetent. This is certainly a lesson for them that one should not believe their own BS.

  5. #25
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    Looks like Bernie Sanders is doing some howling of his own. He’s outraged that student loan borrowers will be required to start making payments on their debt again. He is one of those who feels the 14th Amendment confers the power of the purse on the chief executive, and that debt ceiling votes are “unnecessary”.

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