CBO Issues Dire Forecast for US Debt

Armstrong Economics ^ | 31 Mar 25 | Martin Armstrong

[delta7]

Do note Fitch downgraded our debt instruments, again.

https://finance.yahoo.com/news/moodys-says-us-fiscal-strength-140210736.html

“….Fitch cut the U.S. sovereign rating by one notch to AA+ from AAA in 2023, citing fiscal deterioration and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills. It was the second major rating agency to strip the United States of its top triple-A rating, after Standard & Poor's did so after the 2011 debt ceiling crisis.”

[packagingguy]

Well now we get to see what happens when a “democracy” runs out of money.

It’s as if most people are completely unaware this can happen.

We were warned by Ross Perot this day was coming a third of a century ago.

[delta7]

Be sure to view Armstrong’s video “ The Solution” imbedded in the article. It gives an excellent detailed explanation to where we were, where we are and what is dead ahead.

[goodnesswins]

“It is far too late to cut wasteful government spending”

So Trump should just stop DOGE, right?

[dp0622]

the federal deficit has hit a point of no return...

The article STATES that it is hopelessly too late more than several times.

Then why write it?

[delta7]

We were warned by Ross Perot this day was coming a third of a century ago.
————-
I supported Ross Perot back then, and have been waiting patiently for his warning to “ blossom”.

[Tell It Right]

Never trust anything from the CBO. By their own rules, they have to do their calculations based on whatever algorithm requested by the politician asking them to do the research.

That's why a Republican can get the CBO to say a tax cutting plan will raise govt revenue, while a Democrat can get the same CBO to say that the same tax cutting plan will reduce govt revenue. The Dim always asks the CBO to expect a flat effect of tax cutting, while the Republican always asks the CBO to expect the Laffer Curve to increase revenue.

That's the way it is with anything else the CBO is asked to "calculate".

[kiryandil]

IBTG

[delta7]

Then why write it?
————-
A warning, those that see what is coming and prepare make will make it through to the other side…..and may even prosper.

[delta7]

Watch the imbedded video, you will be glad you did.

[econjack]

It is far too late to cut wasteful government spending. Politicians have kicked the can down the road for far too long and left us with a financial system held up through perpetual borrowing that cannot be reversed.

Bull crap! When DOGE discovers $5 trillion issued checks with no documentation on who it was paid to or why, don't tell me we can't cut spending. The problem is the American public is ignorant of the danger this spending poses to their own survival. If they did, they'd be at Congressional doors demanding spending cuts. Trump has got to stop signing spending bills and we need to push for the line item veto.

[NearlyDone]

Since 2014, Martin Armstrong has been predicting via his Socrates a sovereign debt crisis and collapse of the world financial system for next year once every year. His fear mongering reaches fever pitch just before his yearly scam guru conference in Orlando.

In 2014 he called the event "The Big Bang".

[Jane Long]

We DO have a huge debt problem.

For decades.

[Jane Long]

And MB. 😂

[Cincinnatus.45-70]

Armstrong is definitely a gloom and doom specialist. But I’ve been wondering why the DemocRats are so franticly stirring up astroturf protests against DOGE and Musk.

This could be the answer. They don’t think it’s too late, and desperately want to ensure a US financial collapse. So they can “build back better,” don’t you know, without the Constitution, etc, restraining them.

[kiryandil]

I think MB was “retired”.

There appears to be a replacement:

https://freerepublic.com/~nearlydone/

[libertylover]

I don’t pretend to know a lot about the financial markets, but I’m surprised the whole system hasn’t collapsed already.

[Pete Dovgan]

Let me get this strait.
The CBO says nothing for 4 years with Biden’s spending spree and Congress not even passing a budget.

Then suddenly, just like that, when Trump is in office for less than 90 days, there is a deficit crisis. I can’t help but think that the following would be most appropriate:

1. Defund the CBO. It’s just partisan and stupid at this point. Anybody with a brain knew there was a problem the last 4 years and all we got was Crickets from the CBO when autopen was signing.

2. Get a real budget system in place of the CBO. A non-partisan one. One that gives options for controlling the debt, targeting wasteful spending, and making recommendations for Congressional failure to pass a budget.

Trump has done some very good and important things already to help the economy and manufacturing. He is trying to prevent us from being a ‘non-manufacturing’ Corrupt-ocracy (Grift-ocracy) to a productive nation, but it takes more than 90 days to fix what Obama/Biden did in 12 years+. (+ for the time they used the Russian Collusion hoax to continue to subvert the government)

[NearlyDone]

The article STATES that it is hopelessly too late more than several times.

Then why write it?

In a comment on another article Armstrong writes the opposite:

Peter Schiff: Tariffs mean fewer goods will come into the country, and fewer dollars will go out. More money chasing fewer goods means higher prices! #45

"Generating income from Tariffs fine and dandy, but we are cooked if we don’t get our government spending down drastically."

[Jane Long]

I wonder which country n00b ND is posting from … tell tale sign …

https://freerepublic.com/focus/news/4307341/posts?page=42#42