View Single Post
Old 05-05-2008, 10:27 AM   #6
marite
Senior Member
 
Join Date: Aug 2004
Posts: 11,286
b&p:
Remember that, in order to cover the $0.18 per gallon worth of relief, the deficit will have to grow:
Quote:
The American Society of Civil Engineers estimates that the three-month gas tax holiday could cost as much as $8.5 billion.
FactCheck.org: Gas Relief Plans That Won't Work | Newsweek Politics: Campaign 2008 | Newsweek.com

The same Newsweek article doubts that the cost of gas will even drop down since it is tied to supply and demand. In other words, your driving a bit more will keep prices high. Meanwhile, someone has to pay for the extra $8.5 billion worth of deficit. But, hey,we're already in hock to the Chinese, what's a few more billions?
marite is offline