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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1401906)	5/8/2023 7:56:36 PM
From: Tenchusatsu	Respond to of 1577883

Wharfie, I expect Biden's to keep on falling The CBO doesn't: ***** The Budget and Economic Outlook: 2023 to 2033 \| Congressional Budget Office (cbo.gov) CBO projects a federal budget deficit of $1.4 trillion for 2023. (Deficits and spending have been adjusted to exclude the effects of shifts that occur in the timing of certain payments when October 1 falls on a weekend.) In the agency’s projections, deficits generally increase over the coming years; the shortfall in 2033 is $2.7 trillion. The deficit amounts to 5.3 percent of gross domestic product (GDP) in 2023, swells to 6.1 percent of GDP in 2024 and 2025, and then declines in the two years that follow. After 2027, deficits increase again, reaching 6.9 percent of GDP in 2033—a level exceeded only five times since 1946. *** Like I said, this is the "new normal": *** Trillion-dollar deficits: Biden's new normal - Roll Call During Biden’s first two years in office, he oversaw spending that was 40 percent higher than the pre-COVID 2019 budget. According to the CBO, Biden is going to match Trump’s addition to the national debt in just three years, reaching a total of $7.1 trillion over his four years. That would be $1.5 trillion more than Trump contributed during his term, which included the 2020 one-time COVID emergency spending. If Biden’s 2024 proposed budget actually passed, he would add as much to the national debt as Trump and Bush 43 combined. House Republican leaders have made clear his budget isn’t going anywhere; but it illustrates just how out of control Biden’s spending policies really are. ***** "Deficits don't matter." - Dick Cheney Tenchusatsu