The Inevitable New The Inevitable Trump Mocking Thread

Friesland said:
The Congressional Budget Office’s latest forecast makes a convincing case that fiscal complacency is now dangerous for the U.S. economy. CBO projects the federal government will borrow an additional $12.4 trillion over the next 10 years. At the end of 2028, the federal government will have outstanding debt of $28.7 trillion, or 96 percent of GDP. Ten years ago, federal debt was equal to 39 percent of GDP.

In fact, CBO’s official projection is an optimistic scenario. It assumes Congress will let many of the tax-cutting provisions enacted in the recently passed tax legislation expire after 2025. It also assumes, even more implausibly, that the caps on defense and nondefense appropriations for 2020 and 2021 contained in the Budget Control Act of 2011 will remain in place, thus forcing deep cuts in federal spending. However, Congress just enacted a bipartisan agreement to raise the caps in 2018 and 2019 by nearly $300 billion over that two-year period. If the tax cuts are made permanent, and if discretionary appropriations grow with the rate of inflation after 2019, then the budget deficit over the next decade would be $15 trillion instead of the $12.4 trillion contained in CBO’s baseline forecast. In 2028, the annual budget deficit would widen to 7.1 percent of GDP, while total federal debt would reach 105 percent of GDP.

CBO has not yet updated its long-term budget forecast, but when it does the projection will show federal debt exploding at an alarming rate, as population aging and health-care costs push entitlement spending up at a rapid pace.

https://www.realclearpolicy.com/art...aves_no_room_for_wishful_thinking_110595.html
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Told you.
 
Bruddah IZ said:
Told you.
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CBO has not yet updated its long-term budget forecast, but when it does the projection will show federal debt exploding at an alarming rate, as population aging and health-care costs push entitlement spending up at a rapid pace.

Too funny, what did they call the federal debt and entitlement spending between 08-2016?
What a bunch of dopes.
 
CBO’s budget forecast signals that the country is now very close to the cliff’s edge. Any number of different events — such as a major international conflict — could trigger a debt crisis. The U.S. is currently able to borrow funds at preferential rates, but that may not always be the case. If interest rates were to rise sharply and suddenly, lawmakers could find themselves needing to raise taxes or cut spending drastically just to cover spiraling debt service payments.

Unfortunately, there seems to be little concern about this possibility among those in a position to do something about it — most notably the Republicans now controlling both Congress and the White House.
 
Bruddah IZ said:
CBO’s budget forecast signals that the country is now very close to the cliff’s edge. Any number of different events — such as a major international conflict — could trigger a debt crisis. The U.S. is currently able to borrow funds at preferential rates, but that may not always be the case. If interest rates were to rise sharply and suddenly, lawmakers could find themselves needing to raise taxes or cut spending drastically just to cover spiraling debt service payments.

Unfortunately, there seems to be little concern about this possibility among those in a position to do something about it — most notably the Republicans now controlling both Congress and the White House.
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Genius.
 
Hüsker Dü said:
You two need to relax, you are all worked up over something you have no say in . . . time will tell the extent of all this then the country will move on, all of it.
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Let them have their circle jerk about the past. They certainly don't want to see what's going on now.
 
Hüsker Dü said:
You two need to relax, you are all worked up over something you have no say in . . . time will tell the extent of all this then the country will move on, all of it.
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You better run and hide under your bed because ......

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You have NO Idea what is about to be exposed......
 
T's lawyer's lawyer said that Sean Hannity is one of Cohen's clients. Sean says he isn't. The lawyer was in court responding to a judge, where he was obligated to tell the truth.
 
espola said:
T's lawyer's lawyer said that Sean Hannity is one of Cohen's clients. Sean says he isn't. The lawyer was in court responding to a judge, where he was obligated to tell the truth.
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Capitol T. Wow.
Looks like you've grown up a little since yesterday.
Either that, or you forgot.
 
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