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re: Budget Deficit?
Posted on 10/27/20 at 12:35 pm to jyoung1
Posted on 10/27/20 at 12:35 pm to jyoung1
quote:Go read any of the 2009-2013 CBO outlooks. In short, baseline increase under Obama disguised as "stimulus", demographics (old people on SS/MEDI and the growing cost to service the debt (interest).
Why has it increased so much under Trump (before Covid)?
quote:No. It's going kaboom. Just a question of how soon it happens.
Does it matter?
This post was edited on 10/27/20 at 12:36 pm
1
Posted on 10/27/20 at 12:44 pm to Taxing Authority
quote:
Go read any of the 2009-2013 CBO outlooks. In short, baseline increase under Obama disguised as "stimulus", demographics (old people on SS/MEDI and the growing cost to service the debt (interest).
Taxing has it nailed down.
NO MATTER WHAT we do to cut spending or even keep the overall budget flatlined... SS/MEDI will continue to absolutely blow up the budget in the next decade.
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