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Started By
Message
CBO estimates BBB will increase deficit by $2.4 trillion.
Posted on 6/4/25 at 10:27 am
Posted on 6/4/25 at 10:27 am
25
Posted on 6/4/25 at 10:28 am to Tigerfan1274
Do it
Posted on 6/4/25 at 10:29 am to Tigerfan1274
Werent we celebrating the fact that the economy had to "suffer for a while to get fixed" just a few weeks ago?
Posted on 6/4/25 at 10:31 am to Tigerfan1274
quote:over ten years.
CBO estimates BBB will increase deficit by $2.4 trillion.
Not good, but better than I was expecting TBH.
Posted on 6/4/25 at 10:33 am to Tigerfan1274
CBO scoring is just a guess.
Posted on 6/4/25 at 10:33 am to GumboPot
So it could be worse?
Posted on 6/4/25 at 10:40 am to Tigerfan1274
That’s bad but just think about how much worse it could’ve been. So somewhere in there we have some savings. 
time to celebrate, fellas.
time to celebrate, fellas.
Posted on 6/4/25 at 10:42 am to Tigerfan1274
quote:
CBO estimates
Posted on 6/4/25 at 10:42 am to Tigerfan1274
They consider extending the tax cuts as increasing the deficit. The bill reduces spending by 1.6 trillion.
Posted on 6/4/25 at 10:43 am to Tigerfan1274
Got to spend money to make money
- SDV
- SDV
Posted on 6/4/25 at 10:44 am to Tigerfan1274
This assumes the delayed spending cuts actually happen. Expecting spending cuts to go into effect after another couple election cycles is wishing in one hand and pooping in the other.
This post was edited on 6/4/25 at 10:50 am
Posted on 6/4/25 at 10:44 am to Tigerfan1274
I heard on the David Webb show that the CBO is only using a 1% (typically between 2-3 %) GDP growth in their modeling
Posted on 6/4/25 at 10:45 am to spacewrangler
I'm shocked that neither party care about the deficit.
Posted on 6/4/25 at 10:46 am to G4LSU
quote:
The bill reduces spending by 1.6 trillion.
Over time, assuming these cuts are actually made in the future.
You and I both know this will never happen
Posted on 6/4/25 at 10:48 am to Tigerfan1274
is this based on without it the taxes increase to the old brackets or is this based on $2.4 in addition to the current $2T deficit? Not letting taxes auto increase isn’t a cut.
Because my guess is it’s the former and if so F them. They’ve been sending our money all over the damn world with $2.5T additional spending since 2019. Cut that shite out and then talk to me.
Because my guess is it’s the former and if so F them. They’ve been sending our money all over the damn world with $2.5T additional spending since 2019. Cut that shite out and then talk to me.
This post was edited on 6/4/25 at 10:50 am
Posted on 6/4/25 at 10:51 am to Tigerfan1274
That estimate is over a decade. Biden did 10 Trillion the last 4 years. That is a comparison as to which direction we were headed under the democrats.
Posted on 6/4/25 at 10:52 am to Tigerfan1274
CBO has been horribly wrong over the past. They are trying to give numbers without knowing the results of policies.
In other words.. they are guessing.
In other words.. they are guessing.
Posted on 6/4/25 at 10:55 am to G4LSU
quote:
They consider extending the tax cuts as increasing the deficit. The bill reduces spending by 1.6 trillion.
This point should be addressed by those in this thread offering criticism. If it is not addressed, I can’t take serious any criticism.
Once this is addressed, it’s worth taking a critical eye to the rest.
Posted on 6/4/25 at 10:58 am to Tigerfan1274
Because it is essentially double counting the 2017 tax cuts (it presumes they will expire) AND it does not take into consideration the increase in revenues that will come from.the other tax cuts.
In other words, its utter horseshite.
In other words, its utter horseshite.
Posted on 6/4/25 at 11:00 am to tigerpimpbot
CBO should be disbanded or replaced in my opinion. They appear very politically motivated. My guess is that they are 98% Democrat and about 98% wrong with their estimates. Historically, it seems that their estimates pretty much depict that Republican economic decisions are really bad and Democrat economic decisions are really good, and they get it wrong pretty much every time. It's a shame we don't have honest and fair federal agencies. Need more swamp draining.
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