Posted on 05/05/2018 9:18:13 AM PDT by Kaslin
The Rats figured out long ago that the key to accomplishing the goal of the destruction of the US was to mire us in debt. The GOP have been complicit, knowingly or not.
What Would Happen if the US Defaulted on its Debt?
https://www.davemanuel.com/what-would-happen-if-the-united-states-defaulted-on-its-debt-96/
For how long? Until the national debt decreases from one fiscal year to the next. The last time that happened was the fiscal year ending 12/31/1960.
I dont recall the CBO ever getting anything right. Arent they always dire predictions for Republicans and rosy for Democrats?
Inform Congress and all heads of agencies they will forfeit their paychecks until they cut their budgets 50%.
Static analysis based on faulty assumptions (most likely).
They under projected the deficit under Obamacare so now they are adjusting the deficit to a more realistic number and blaming it on the tax cut.
You hit the whack a mole right on the head. The CBO is a political agency with a Globalist agenda. Spinning the statistics for effect. POTUS is on the path to lower the debt & balance the budget but the Globalists don't want that to happen...so...the sky is falling.
The CBO does have a bad history of being wrong. However, you can view the debt numbers, the current lack of discipline within our government, and the lack of restraint on entitlements and draw your own personal non-CBO conclusion.
Our debt must be addressed and a moral country should recognize the legal, ethical, and fairness of NOT leaving our children to clean up our mess. Trump has the approach to foreign policy and I believe if he is supported by his own party and has two terms he will take the same approach. He has said as much and he understands debt, capital, and how it impacts you down the road far better than any of us.
Sorry...I will never believe a projection...any projection that comes from the CBO.
Could care less about their statistics or “math”...
A broken clock is right more times than the CBO.
CBO scored ObamaCare as a net plus, i.e., would reduce the federal budget in the long run. Need you know more?
The CBO has a long history of underscoring the effects of increased economic conditions. The US economy is improving by leaps and bounds both on Wall Street and Main Street and it looks to continue.. Surely it will offset much of the deficit CBO forecasts.
Tax revenues are up substantially - unfortunately, spending is also - thus the interest on the debt gobbles an ever-larger chunk of tax revenue, which means more borrowing, which means more interest. Pretty soon, tax revenues will barely cover the INTEREST payments.
Not going to happen. We are “too far” down the debt path.
The amount of spending cuts it would take to simply “balance” the budget is unachievable.
That being said - if we were to restore government spending to CONSTITUTIONAL stuff only - the debt could be paid off rapidly...
We need to nationalize the Federal Reserve. Then we would be paying interest to ourselves instead of a private bank.
Isn’t it nice that Americans not yet born will be Trillions in debt and these a-hole political whores will be dead after living the lush life?
Actually, one of the big secrets is that we do pay the interest to ourselves. When the FED buys up bonds to stimulate the economy, the interest on those bonds, minus a fee, goes right back to the treasury. Nice trick huh? It took a lot of digging to figure out how this works. Theoretically, a long term growing economy needs a continuous money supply injection to keep from going into deflation. President Trump could work with the FED to soak up a large portion of the outstanding debt. Not too much though. Why? Because all those bonds around the world create a significant level of security and stability to the the global economy.
...no accountability, no consequences = no MAGA...EVER!
The direct result of a fiat, printed, Federal Reserve currency
The next result is that progressives and oligarchs, those who have first access to newly printed money and government debt and spending, will be able to run their statist social-engineering schemes, and you can’t do anything about it.
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