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 don’t recall the CBO ever getting anything right. Aren’t 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.
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.
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.
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?
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.
It is my long-held contention that the CBO has NEVER BEEN CORRECT IN ANY PROGNOSTICATION!
Can anyone show me a time the CBO got it right?