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CBO misses 2024 deficit estimate by 27%.....looking at $2 trillion.

Posted on 6/19/24 at 11:14 am
Posted by Bass Tiger
Member since Oct 2014
54738 posts
Posted on 6/19/24 at 11:14 am
CBO misses their estimated 2024 deficit by 27%.......War Room's Peter Navarro, Dave Brat, Steve Bannon, Jim Rickards and EJ Antoni nailed the 2024 deficit estimate in the fall of 2023 at approximately $2 trillion.


Here's the first paragraph from a Yahoo article,


quote:

The federal budget deficit will reach an estimated $1.9 trillion in fiscal year 2024, according to an updated outlook released by the Congressional Budget Office Tuesday. The new projection represents a big jump from the $1.5 trillion estimate released just four months ago. The CBO cited a number of factors for the 27% increase, including the expansion of President Joe Biden’s student loan forgiveness plan, a new package of aid for U.S. allies and increased spending on healthcare.

From 2025 to 2034, CBO now projects a cumulative deficit of $22.1 trillion, more than $2 trillion larger than projected in February.




Not only is the reckless DC Uniparty going to raise you taxes in 2025 if Trump isn't elected POTUS, they will most certainly continue to debase the USD, essentially stealing your wealth.
Posted by ShinerHorns
El Paso
Member since Jul 2021
5617 posts
Posted on 6/19/24 at 11:15 am to
Voting against Trump in this upcoming election should be considered treason.
Posted by Lsuhoohoo
Member since Sep 2007
102088 posts
Posted on 6/19/24 at 11:17 am to
quote:

CBO misses 2024 deficit estimate by 27%..



Oops. Sowwwy
Posted by Padme
Member since Dec 2020
9481 posts
Posted on 6/19/24 at 11:18 am to
Someone will be along shortly to say Trump isn’t a pure enough conservative, and therefore they are voting Biden
Posted by Tandemjay
Member since Jun 2022
4639 posts
Posted on 6/19/24 at 11:54 am to
Late stage empire, brought to you by the GOPe voting with the dems on budget increases for the last 30 years.

Stop being sheep, stop voting GOPe.
Posted by geauxtigers87
Louisiana
Member since Mar 2011
27144 posts
Posted on 6/19/24 at 12:10 pm to
But orange man bad!
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
44133 posts
Posted on 6/19/24 at 1:05 pm to
quote:

Someone will be along shortly to say Trump isn’t a pure enough conservative, and therefore they are voting Biden




So, you actually think Trump is going to solve this somehow? Let me save you the suspense, there isn't a Republican or Democrat willing to do what it takes to fix this issue.
Posted by CamdenTiger
Member since Aug 2009
65430 posts
Posted on 6/19/24 at 1:07 pm to
I wonder what the real job numbers look like….
Posted by LuckyTiger
Top 1% On Onlyfans
Member since Dec 2008
51519 posts
Posted on 6/19/24 at 1:11 pm to
The people running this country, in both political parties, have long ago decided that fiscal responsibility is a non issue.

We have many posters here, most of the GOPe mark, that openly and repeatedly argue none of these deficits nor the debt matter.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11930 posts
Posted on 6/19/24 at 1:14 pm to
quote:

From 2025 to 2034, CBO now projects a cumulative deficit of $22.1 trillion, more than $2 trillion larger than projected in February.


Go look at the assumptions they used to come up with this
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 6/19/24 at 1:18 pm to
quote:

Someone will be along shortly to say Trump isn’t a pure enough conservative, and therefore they are voting Biden


Trumps, who has many, many faults, is more competent and less evil on his worst day vs. these shitbags currently running America
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
3788 posts
Posted on 6/19/24 at 1:23 pm to
The spray tan real estate developer will bring fiscal discipline?

Inb4 : better than potato.
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
3788 posts
Posted on 6/19/24 at 1:23 pm to
Cheeto Jesus v Potato is a 200 mph four lane paved highway to hell with these two clowns. It should have been DeSantis.
This post was edited on 6/19/24 at 1:25 pm
Posted by geauxkoo
Member since Oct 2021
1636 posts
Posted on 6/19/24 at 2:14 pm to
quote:

We have many posters here, most of the GOPe mark, that openly and repeatedly argue none of these deficits nor the debt matter.


Am I misunderstanding this statement? I haven't seen anyone on this site argue that the deficit nor the debt matter. Especially if you're talking about republicans.
Posted by LegalEazyE
Madison, Wisconsin
Member since Nov 2023
6292 posts
Posted on 6/19/24 at 3:04 pm to
quote:


Someone will be along shortly to say Trump isn’t a pure enough conservative, and therefore they are voting Biden


Or that this is all Trump's fault from his first term.
Posted by LegalEazyE
Madison, Wisconsin
Member since Nov 2023
6292 posts
Posted on 6/19/24 at 3:06 pm to
Cheeto Jesus is also better at doing things to address it than both President Bushes, President Clinton and President Obama, if that means anything to you... but I'm sure it doesn't. Because TDS. fig.
Posted by dgnx6
Member since Feb 2006
87166 posts
Posted on 6/19/24 at 3:07 pm to
quote:

So, you actually think Trump is going to solve this somehow? Let me save you the suspense, there isn't a Republican or Democrat willing to do what it takes to fix this issue.


the democrat made it worse, so vote for him right?


Posted by Trevaylin
south texas
Member since Feb 2019
10176 posts
Posted on 6/19/24 at 3:44 pm to
Cash is the path to independence
Posted by OU Guy
Member since Feb 2022
25967 posts
Posted on 6/19/24 at 3:48 pm to
I hope we all see the pattern. Every piece of economic data is revised down after it leaves the public’s eye. Every expense is revised up after it leaves the public’s eye. All seems to be one directional
Posted by WeeWee
Member since Aug 2012
44450 posts
Posted on 6/19/24 at 3:57 pm to
quote:

CBO misses their estimated 2024 deficit by 27%


Good enough for government work.
This post was edited on 6/19/24 at 3:59 pm
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