Author Topic: CBO: Trump’s Budget Cuts Deficit $3.3T Over 10 Years—Still Runs $6.8T in Red  (Read 164 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 69,455
  • “It’s easier to fool people than to convince them

CBO: Trump’s Budget Cuts Deficit $3.3T Over 10 Years—Still Runs $6.8T in Red

(CNSNews.com) - The Congressional Budget Office released an analysis today [1] that concludes that President Donald Trump’s 2018 budget proposal [2] would cut the cumulative federal deficit by $3.3 trillion over the next ten years, but that even with that massive cut in the deficit the federal government would still run $6.8 trillion in the red during that period.

Under current law, CBO projects the federal government will run a $10.112 trillion cumulative deficit in the next ten years—averaging more than $1 trillion per year.

Source URL: http://www.cnsnews.com/news/article/terence-p-jeffrey/cbo-trumps-budget-cuts-deficit-33t-over-10-years-still-runs-68t-red
Constitutions are not designed for metaphysical or logical subtleties, for niceties of expression, for critical propriety, for elaborate shades of meaning, or for the exercise of philosophical acuteness or judicial research. They are instruments of a practical nature, founded on the common business of human life, adapted to common wants, designed for common use, and fitted for common understandings.

Joseph Story

Offline Joe Wooten

  • Hero Member
  • ****
  • Posts: 1,358
CBO: Trump’s Budget Cuts Deficit $3.3T Over 10 Years—Still Runs $6.8T in Red

(CNSNews.com) - The Congressional Budget Office released an analysis today [1] that concludes that President Donald Trump’s 2018 budget proposal [2] would cut the cumulative federal deficit by $3.3 trillion over the next ten years, but that even with that massive cut in the deficit the federal government would still run $6.8 trillion in the red during that period.

Under current law, CBO projects the federal government will run a $10.112 trillion cumulative deficit in the next ten years—averaging more than $1 trillion per year.

Source URL: http://www.cnsnews.com/news/article/terence-p-jeffrey/cbo-trumps-budget-cuts-deficit-33t-over-10-years-still-runs-68t-red


Did not cut enough. Start by dismantling the Dept of Education. I know Congress would have to pas an act taking it down totally, but it can be starved of funding. Cut funding in half this year. Another half next year. The totally defund it the year after.
« Last Edit: July 17, 2017, 08:58:14 AM by Joe Wooten »

Offline Smokin Joe

  • Member
  • Hero Member
  • ****
  • Posts: 15,427
  • The light at the end of the tunnel.
Repeal Obamacare!
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression
And I looked, and rose up, and said unto the nobles, and to the rulers, and to the rest of the people, Be not ye afraid of them: remember the Lord, which is great and terrible, and fight for your brethren, your sons, and your daughters, your wives, and your houses. Nehemiah 4:14 (KJV)

About the only "Big" Liberals don't revile is "Big Government"

Offline Night Hides Not

  • Hero Member
  • ****
  • Posts: 3,068
How is the swamp going to be drained by adding another $10 trillion to the deficit?
You can avoid reality, but you cannot avoid the consequences of avoiding reality.

1 John 3:18: Let us love not in word or speech, but in truth and action.

For a change of pace, please stop by "The Vineyard", http://www.gopbriefingroom.com/index.php/topic,216454.0.html


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf