Author Topic: Democrats’ plan would decrease deficit by more than $100B: CBO  (Read 208 times)

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Offline mystery-ak

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Democrats’ plan would decrease deficit by more than $100B: CBO

by Aris Folley - 08/03/22 3:01 PM ET



The Congressional Budget Office (CBO) on Wednesday released estimates for Democrats’ sprawling reconciliation plan, forecasting the legislation would lead to a net deficit decrease of more than $102 billion over roughly the next decade.

The estimates from the nonpartisan budget scorekeeper come as Democrats are moving quickly to pass the mammoth bill, dubbed the Inflation Reduction Act, later this month.

— Developing

https://thehill.com/policy/finance/3586660-democrats-plan-would-decrease-deficit-by-more-than-100b-cbo/
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Online Hoodat

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Re: Democrats’ plan would decrease deficit by more than $100B: CBO
« Reply #1 on: August 03, 2022, 08:16:43 pm »
Do these people have any idea how asinine this sounds?  Why not simply cut spending by $10 billion.  It would have the same effect on the deficit.
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Offline LMAO

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Re: Democrats’ plan would decrease deficit by more than $100B: CBO
« Reply #2 on: August 03, 2022, 08:42:07 pm »
How many times over the last several years has the CBO made this claim re: spending bills only to have the deficit reduction not materialize?
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Offline Kamaji

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Re: Democrats’ plan would decrease deficit by more than $100B: CBO
« Reply #3 on: August 03, 2022, 08:44:03 pm »
How many times over the last several years has the CBO made this claim re: spending bills only to have the deficit reduction not materialize?

CBO is also a lot of GIGO - Congress tells it what assumptions to make in grading a bill, and CBO accepts those assumptions no matter how ridiculous.
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Online Hoodat

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Re: Democrats’ plan would decrease deficit by more than $100B: CBO
« Reply #4 on: August 03, 2022, 08:55:34 pm »
The most insulting part of all is that they are talking about the annual deficit - not the national debt.  And by their statement, they openly acknowledge that we will still be adding to the debt ten years down the road with deficit spending, just slightly less.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

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Offline Kamaji

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Re: Democrats’ plan would decrease deficit by more than $100B: CBO
« Reply #5 on: August 03, 2022, 08:58:08 pm »
The most insulting part of all is that they are talking about the annual deficit - not the national debt.  And by their statement, they openly acknowledge that we will still be adding to the debt ten years down the road with deficit spending, just slightly less.

:thumbsup:
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Online DefiantMassRINO

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Re: Democrats’ plan would decrease deficit by more than $100B: CBO
« Reply #6 on: August 03, 2022, 09:19:37 pm »

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