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

[mystery-ak]

 

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/

[Hoodat]

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.

[LMAO]

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?

[Kamaji]

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.

[Hoodat]

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.

[Kamaji]

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.

[DefiantMassRINO]