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https://www.msn.com/en-us/money/mark...cid=spartandhpBudget deficit to balloon to $1 trillion by 2020, CBO says
The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office.
evince (04-10-2018), Leonthecat (04-10-2018), Phantasmal (04-10-2018), Rune (04-13-2018), sear (04-09-2018), signalmankenneth (04-09-2018), ThatOwlWoman (04-10-2018)
Smoke & mirrors measure - seems to have been geared almost exclusively to try to limit damage in the '18 midterms.
This isn't sound fiscal policy. There is no long-term vision here. And it's the only thing that Trump supporters really point to as an "accomplishment."
Cypress (04-09-2018), evince (04-10-2018), Phantasmal (04-10-2018), Rune (04-13-2018), signalmankenneth (04-10-2018), ThatOwlWoman (04-10-2018)
The money trickled down ... and went right out the door to China.
"I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."
— Joe Biden on Obama.
Socialism is just the modern word for monarchy.
D.C. has become a Guild System with an hierarchy and line of accession much like the Royal Court or priestly classes.
Private citizens are perfectly able of doing a better job without "apprenticing".
Rune (04-13-2018)
evince (04-10-2018), Phantasmal (04-10-2018), Rune (04-13-2018), signalmankenneth (04-10-2018)
CBO does not do dynamic scoring
Rune (04-13-2018)
Your opinion seems to be wrong quite often.
What I am looking at are observable, empirical facts that are apparent to anyone with two eyeballs.
CBO accurately predicted George Dumbya Bush's tax cuts for the rich would not pay for themselves, and would lead to increased deficits.
Ronnie Raygun's voodoo economics trickle down tax cuts in 1981 caused massive, systematic, sustained deficits.
Sam Brownbacks much-heralded Kansas trickle down tax cuts bankrupted the state, caused massive deficits, and ultimately required raising taxes again.
When it comes to Trumpian voodoo economics trickledown tax cuts for the rich, there is no way you can put a lipstick on that pig.
What you are leaving out of these equations is spending. Contrary to popular belief that Regan slashed spending it grew at a large pace. Just as spending has pretty much since. Reagan's tax cuts ushered in an economic boom in the '80's that went for over a couple of decades.
Rune (04-13-2018)
Callinectes (04-12-2018), countryboy (04-10-2018)
Here is CBO analysis of Trumps economy. It is disastrous to both debt and deficits. https://www.politico.com/story/2018/...deficit-471311 The deficits will quickly hit almost 2 trillion while the debt will skyrocket.
USFREEDOM911 (04-10-2018)
Rune (04-13-2018), ThatOwlWoman (04-10-2018)
"What you are leaving out of these equations is spending." c #7
"Contrary to popular belief that Regan slashed spending it grew at a large pace." c #7"When your outgo exceeds your income,
the upshot will be your downfall." Paul Harvey
Governor Reagan campaigned against President Carter criticizing Carter for deficit spending.
Reagan campaigned on balanced budgets and paying down the U.S. federal debt.
BUT !!
Once in office, not only did Republican demigod Reagan out-spend President Carter.
Once in office, President Reagan ran up more U.S. federal debt than all the U.S. presidents before him, COMBINED !!
Wadya no ! The Republican demigod, a hypocrite!
"It should be obvious to anyone why conservatives and libertarians should be against Trump. He has no grounding in belief. No core philosophy. No morals. No loyalty. No curiosity. No empathy and no understanding. He demands personal loyalty and not loyalty to the nation. His only core belief is in his own superiority to everyone else. His only want is exercise more and more personal power." smb / purveyor of fact 18/03/18
Rune (04-13-2018)
Go look at the his proposed budget when he first took office. He tried to cut spending but the U.S. isn't a monarchy where the president can do what he wants and the democratic controlled said essentially told him to F off. But yeah, he's a hypocrite because he's not king. Makes sense
If you are suggesting that the Democratic Party had control...
...perhaps you ought to do a bit of Googling.
For 6 of Reagan's 8 years...THE REPUBLICANS controlled the Senate...and in all 8 years of Reagan's terms...he had more than enugh Senate votes to sustain a veto.
Rune (04-13-2018)
Rune (04-13-2018)
ThatOwlWoman (04-10-2018)
Lol, you idiots just plow ahead as if you knew what you were talking about. Tax cuts have ALWAYS resulted in increased revenue. That is irrefutable. If spending is not curbed, OF COURSE deficits will increase. When have leftist loons EVER promoted spending cuts?
Tax cuts don't have to "pay for themselves" dipshit. Not taking someone's money doesn't "cost" anything.
Once libs are married to a narrative, it cannot be pried from your cold, dead hands.
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