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Politics : The Trump Presidency
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To: bustersmith who wrote (310242)11/11/2024 1:19:14 AM
From: i-node2 Recommendations

Recommended By
longz
Thomas A Watson

   of 360693
 
The CFRB’s report:
• Ignores the track record of increasing revenues following passage of TCJA;
• Omits the full cost of legislative actions per CBO data;
• Fails to account for inflation-induced interest rate hikes increasing projected net interest costs by $4.8 trillion over ten years under President Biden; and
• Undercounts the costs of President Biden’s executive actions by more than $800 billion.

The CRFB states the Biden Administration increased the federal deficit by just $4.3 trillion. In reality, the Biden Administration has increased the federal deficit by $11.6 trillion dollars throughout the last three years and six months, including:
• $4.8 trillion in enacted legislation;
• $4.8 trillion in higher interest costs; and,
• $2 trillion by executive actions.

This stuff is complicated. Please don't act as though you understand it. If you are going to compare it you have to be careful to make it a head-to-head comparison. You can't just spit out numbers.
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