Posted on 02/05/2013 11:07:51 AM PST by SeekAndFind
And monkeys will fly out of my butt.
I don’t trust the graph. It shows debt to GDP at 80% right now...and its over 100%.
I bet they are ignoring the social security debt owed by the public to the SS Trust fund.....and that probably means they are ignoring the annual shortfall in the trust fund itself.
And, if I were a betting man, I’d say they have done the same ommission with Medicare.
why even have the CBO? They’re always wrong. Any other person/company would have been fired a long time ago if they were as wrong as the CBO is.
Good grief. This is so lacking in credibility, I don’t know where to start.
Completely. They assume things not in evidence.
They seem much happier and more optimistic about the future than I am.
Is this based on current law? (sequestration takes effect March 2013 unless Congress acts)
I wants to know! Where can I get me some of that Oxycontin that they be using.
Future headline:
“Deficits Grow Unexpectedly”
My understanding is that they're required to go off what the Congress gives them.
So yes, they're discredited. But only because they're not getting numbers based in reality to begin with.
Someone forgot the humor tag.
The CBO was off by $300B on its Obamacare cost estimates. All it can offer is a snapshot-in-time glimpse based on whatever info this regime hands it.
http://www.zerohedge.com/news/2013-02-05/cbo-releases-latest-budget-forecast-hilarity-ensues
CBO Releases Latest Budget Forecast: Hilarity Ensues
“With those changes, and no offsetting reductions in deficits, debt held by the public would rise to 87 percent of GDP by the end of 2023 rather than to 77 percent.”
I thought the National Debt was already at >100% of GDP. Or are we talking about different things?
But, of course, we will still be quite bankrupt and it won’t really matter any more whether there is a deficit or not. Title to all of the assets in the nation will be held by Russians and Chinese and etc. Shrinking the deficit is not an improvement. End the deficit. Balance the budget this year and then shrink the government sufficient to begin the Great Payback. Then there is some hope that the country has an economic future other than to third world status and economically colonized.
3.6% GDP growth 2015-18....
LMFAO!!!!!!!!
.....and by their own #’s, the deficit starts going bonkers again........approaching $1,000,000,000,000 in 2023.
Move along. These are the debts you’re looking for.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.