CBO Cuts U.S. Growth Forecast Amid Warnings on Trade Spats

[g5000]

Reagan exploded the debt.

And now Trump is going to beat all previous Presidents' record.

Interesting how you negate the democrat congress in the mix....dishonest much?...you are like CNN telling half of the story.....

We've had a republican congress for years.... How's the debt?

Deficits have been accelerating since the GOP took over Congress. And accelerating even faster since Trump took office.

Just like the last time the GOP controlled Congress and the White House.

 

[Cellblock2429]

The hate Trump establishment congressional budget office???? When was the last time the CBO was correct?....answer never....

Didn't they say the tax cuts would increase the deficits? That was quite accurate.

/——-/ Tax cuts increase deficits in a static economic model but in the real world they generate increase revenue via new hires and spending. Ronald Reagan proved it.

Here's a secret your propagandists didn't tell you: Revenues increase when taxes are raised, too.

Your propagandists give you that "tax cuts increase revenues" shit to parrot so you don't notice Trump is ACCELERATING OUR DEBT.

Go ahead. See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

Notice how tax revenues INCREASED after the tax rates went UP:

• FY 2000 - $2.03 trillion
• FY 1999 - $1.82 trillion.
• FY 1998 - $1.72 trillion.
• FY 1997 - $1.58 trillion.
• FY 1996 - $1.45 trillion.
• FY 1995 - $1.35 trillion.
• FY 1994 - $1.26 trillion.
• FY 1993 - $1.15 trillion.
• FY 1992 - $1.09 trillion.
• FY 1991 - $1.05 trillion.

Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

And after the Bush tax cut expired on the top marginal rate, federal revenues continued to increase.

Care to keep playing?

/——/ Raising taxes stifles growth and jobs. People have less disposable income. Geeeeze you can’t understand that?

 

[Papageorgio]

The hate Trump establishment congressional budget office????

'CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation. CBO does not make policy recommendations, and each report and cost estimate summarizes the methodology underlying the analysis. Learn more about CBO's commitment to objectivity and transparency.'

Introduction to CBO | Congressional Budget Office

When was the last time the CBO was correct?....answer never....

OMB Director Mick Mulvaney Says CBO Was Right After All

Don't you Trumpbots EVER get tired of being proven wrong SO often?

Apparently not.


We are done here.

Have a nice day.


Once again, I am neither Dem nor Rep.

I’m neither Dem or Rep either, what is your point?

 

[g5000]

Reagan exploded the debt.

And now Trump is going to beat all previous Presidents' record.

Interesting how you negate the democrat congress in the mix....dishonest much?...you are like CNN telling half of the story.....

Half the story, eh? You mean like claiming revenues increase when taxes are cut?

Please, tell us more fucking stories.

 

[g5000]

The hate Trump establishment congressional budget office???? When was the last time the CBO was correct?....answer never....

Didn't they say the tax cuts would increase the deficits? That was quite accurate.

/——-/ Tax cuts increase deficits in a static economic model but in the real world they generate increase revenue via new hires and spending. Ronald Reagan proved it.

Here's a secret your propagandists didn't tell you: Revenues increase when taxes are raised, too.

Your propagandists give you that "tax cuts increase revenues" shit to parrot so you don't notice Trump is ACCELERATING OUR DEBT.

Go ahead. See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

Notice how tax revenues INCREASED after the tax rates went UP:

• FY 2000 - $2.03 trillion
• FY 1999 - $1.82 trillion.
• FY 1998 - $1.72 trillion.
• FY 1997 - $1.58 trillion.
• FY 1996 - $1.45 trillion.
• FY 1995 - $1.35 trillion.
• FY 1994 - $1.26 trillion.
• FY 1993 - $1.15 trillion.
• FY 1992 - $1.09 trillion.
• FY 1991 - $1.05 trillion.

Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

And after the Bush tax cut expired on the top marginal rate, federal revenues continued to increase.

Care to keep playing?

/——/ Raising taxes stifles growth and jobs. People have less disposable income. Geeeeze you can’t understand that?

Really? Obama raised taxes and the Dow climbed and climbed and climbed. And the unemployment rate dropped and dropped and dropped. Trump was elected on third base, and you dumb shits think he hit a triple.

Clinton raised taxes and 30 million jobs were created and the economy boomed.

You idiots have been brainwashed. You parrot bullshit lies and half truths. You stopped thinking for yourselves decades ago.

 

[Rambunctious]

Deficits have been accelerating since the GOP took over Congress. And accelerating even faster since Trump took office

Wait did they stop rising during the Obama administration?...answer no....give us a break already...lol
Congress does the spending blockhead....

 

[SmokeALib]

Obama also raised tax rates.

And revenues increased.


You piss drinkers are being deliberately distracted from the fact deficits are ACCLERATING under Trump.

After eight years of non-stop whining about Obama's deficits, not one of you has said a fucking word about Trump's.

You are covered in the stench of hypocrisy.

That's because OBlamers cash went to terrorists. Trump cash goes to America.

 

[g5000]

Notice how desperately the rubes avoid acknowledging Trump's debt?

After eight years of non-stop whining about Obama's debt.

The stench of hypocrisy.

 

[g5000]

You parroting rubes can't run from Trump's debt. It's getting bigger every day. His deficits are getting larger and larger and larger.

And you sit there in total silence about it.

Hypocrites!

 

[g5000]

Here's a hypocrite attributing every penny of debt to the president, just a couple months ago:

No other president has added as much to our national debt. than Obama the Magic Kenyan.....no one.....you stop lying....

Not one fucking word about Congress.

Hypocrites.

 

[g5000]

Again:

and if I hear one more prog bring up the deficit after what Obama did to it I'm going to explode....Obama added 10 Trillion to the deficit and not one lib said a word....

Blamed every penny on Obama. No mention of the Republican Congress.

And the dumb shit doesn't know the difference between deficits and debt.

 

[Rambunctious]

Not one fucking word about Congress.

Hypocrites.

Shadup blockhead...everyone knows how bad Obama ran the economy...to try and pin that on Trump is foolhardy....the economy is working for the middle class again...under Obama it only worked for the super rich and the super poor.....you are wasting your time pal....

 

[g5000]

Deficit nears $600 billion in first half of 2018

Not one complaint from the raging hypocrites.

 

[g5000]

Not one fucking word about Congress.

Hypocrites.

Shadup blockhead...everyone knows how bad Obama ran the economy...to try and pin that on Trump is foolhardy....the economy is working for the middle class again...under Obama it only worked for the super rich and the super poor.....you are wasting your time pal....

I don't give a shit what a busted ignorant hypocrite like you has to say. It's all lies.

 

[eagle1462010]

White flags all over the place..........no gonads..........

 

[Brain357]

Not one fucking word about Congress.

Hypocrites.

Shadup blockhead...everyone knows how bad Obama ran the economy...to try and pin that on Trump is foolhardy....the economy is working for the middle class again...under Obama it only worked for the super rich and the super poor.....you are wasting your time pal....

Wages are stagnant. Labor force participation is as low as obama. Remember when Trump claimed the real unemployment rate was over 20%?

 

[g5000]

Not one fucking word about Congress.

Hypocrites.

Shadup blockhead...everyone knows how bad Obama ran the economy...to try and pin that on Trump is foolhardy....the economy is working for the middle class again...under Obama it only worked for the super rich and the super poor.....you are wasting your time pal....

Wages are stagnant. Labor force participation is as low as obama. Remember when Trump claimed the real unemployment rate was over 20%?

Actually, Trump claimed it was 42 percent.

 

[Rambunctious]

Wages are stagnant. Labor force participation is as low as obama. Remember when Trump claimed the real unemployment rate was over 20%?

Good lets do it your and Obama's way again......lmao
Jobs are back and wages are going up and people have spending money again and storefronts are filling up again....unreal that you libs think running down the economy will convince anyone to remove Trump....LMAO....we all have eyes and ears and bank accounts.....growing bank accounts...dumbshits....lol

 

[Dragonlady]

The hate Trump establishment congressional budget office???? When was the last time the CBO was correct?....answer never....

Didn't they say the tax cuts would increase the deficits? That was quite accurate.

/——-/ Tax cuts increase deficits in a static economic model but in the real world they generate increase revenue via new hires and spending. Ronald Reagan proved it.

Here's a secret your propagandists didn't tell you: Revenues increase when taxes are raised, too.

Your propagandists give you that "tax cuts increase revenues" shit to parrot so you don't notice Trump is ACCELERATING OUR DEBT.

Go ahead. See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

Notice how tax revenues INCREASED after the tax rates went UP:

• FY 2000 - $2.03 trillion
• FY 1999 - $1.82 trillion.
• FY 1998 - $1.72 trillion.
• FY 1997 - $1.58 trillion.
• FY 1996 - $1.45 trillion.
• FY 1995 - $1.35 trillion.
• FY 1994 - $1.26 trillion.
• FY 1993 - $1.15 trillion.
• FY 1992 - $1.09 trillion.
• FY 1991 - $1.05 trillion.

Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

And after the Bush tax cut expired on the top marginal rate, federal revenues continued to increase.

Care to keep playing?

/——/ Raising taxes stifles growth and jobs. People have less disposable income. Geeeeze you can’t understand that?

Giving tax cuts to millionaires stifles growth. Raising minimum wages puts more money into the hands of workers and increases demand for consumer goods. Increases in minimum wages increase job growth, and consumer spending.

Poor people spend every dollar they get which helps the economy. The rich invest, but corporations are awash in cash and investment isn’t creating growth because of lack of demand. There is a lot of pent up demand for consumer goods for low income workers but no disposable income. Releasing that pent up demand through higher wages would be an enormous boost to the economy and it would increase government revenues as well.

 

[g5000]

Wages are stagnant. Labor force participation is as low as obama. Remember when Trump claimed the real unemployment rate was over 20%?

Good lets do it your and Obama's way again......lmao
Jobs are back and wages are going up and people have spending money again and storefronts are filling up again....unreal that you libs think running down the economy will convince anyone to remove Trump....LMAO....we all have eyes and ears and bank accounts.....growing bank accounts...dumbshits....lol

Like I said, Trump was elected on third base and you hypocrites think he hit a triple.