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CBO Report doesn't look good

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posted on Jun, 27 2018 @ 09:24 AM
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a reply to: projectvxn



The US National Debt will eventually crush us. It's time to address how we're gonna get out from under it.


Crush us? Thats the plan. And theres no getting out from under it.

And no, Trump has a very poor grasp of economics and the Repukes only know to steal more while they can.




posted on Jun, 27 2018 @ 09:27 AM
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History repeating itself ? lots of parallels with #23

Benjamin Harrison



posted on Jun, 27 2018 @ 10:43 AM
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originally posted by: Phage


Really?




Barack Obama's first term as President of the United States began at 12:00 noon Eastern Time on January 20, 2009


As accurate as your chart may be it doesn't really show when the economy started to improve.

From www.treasury.gov...: We see the recession bottom out 3rd quarter 2008 and then start a sharp up swing 4th quarter 2008 BEFORE Obama became President. That upswing continued first quarter 2009 with Obama becoming President roughly a month into it. After a couple of months in office the upswing drastically reduces until 4th quarter 2009 where it then just flounders from then on.

Looking at this would you say it is safe to say that 2008 4th qtr and 2009 1st qtr is pretty much Bush? We could even suggest 2nd and 3rd qtr is still pretty much Bush and then the next 30 or so quarters are Obama's...





posted on Jun, 28 2018 @ 06:55 AM
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originally posted by: projectvxn
The President campaigned on a wall...Where's that money coming from? Don't say Mexico either because that was just an asinine thing to say. He also campaigned on modernized infrastructure, to include airports and railways, but I have not yet heard where that money is coming from either. Same with the military. I'm all for increasing pay for soldiers and the acquisition of newer, better equipment, but what are we cutting to achieve this?


We're cutting taxes to pay for it. Somehow that will raise revenues. That is the logic they're going by, because everyone with half a brain knows that there's nothing meaningful left to cut in the budget that wouldn't be massively irresponsible.



posted on Jun, 28 2018 @ 06:57 AM
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originally posted by: bigfatfurrytexan
a reply to: projectvxn

He pushed the Omnibus bill through...i have little hope. He's not a fiscal conservative, and until our nation finds that we are going to speed headlong into austerity by necessity.


Here's the thing about fiscal conservatism. Fiscal conservatism just means spending less. It doesn't actually have any bearing on fiscal responsibility. Sometimes the responsible thing to do is to spend because it prevents even greater spending in the future.




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