Author Topic: CBO: Trump’s Budget Cuts Deficit $3.3T Over 10 Years—Still Runs $6.8T in Red  (Read 196 times)

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Online rangerrebew

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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
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Offline Joe Wooten

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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

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Repeal Obamacare!
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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

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How is the swamp going to be drained by adding another $10 trillion to the deficit?
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