Author Topic: CBO: Trump’s Budget Cuts Deficit $3.3T Over 10 Years—Still Runs $6.8T in Red  (Read 1183 times)

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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

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, 12:58:14 pm by Joe Wooten »

Online Smokin Joe

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Repeal Obamacare!
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Night Hides Not

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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.