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

[Cellblock2429]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

/——/ It’s not interesting, it’s lame. CBO forecasts statically. How else do we fight higher tariffs on US goods? Maybe Trump could hire Obozo to go to China and bow. You point out problems yet offer no solutions.

 

[Brain357]

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.

 

[Kosh]

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.

Fr4om your own link: To be fair, CBO and OMB diverge in the opposite direction from 2022 through 2028.

Now that is comedy!

See the far left can not ever get it right!

 

[Rambunctious]

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

No they are wrong and without historical perspective....Tax cuts will create jobs...its been proven right in front of our eyes...jobs will create tax payers....and tax payers pay taxes to the treasury and that will and is helping to correct Obama's massive deficits.....

 

[Aldo Raine]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

The CBO has also projected Trump will be creating trillion dollar deficits soon.

He's on track to bust Obama's record debt wide open.

And to do so during a "boom" economy, that is great business!

 

[Brain357]

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

No they are wrong and without historical perspective....Tax cuts will create jobs...its been proven right in front of our eyes...jobs will create tax payers....and tax payers pay taxes to the treasury and that will and is helping to correct Obama's massive deficits.....

deficits are increasing dramatically...

 

[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.

 

[Brain357]

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.

Ronald Reagan tripled the debt....

 

[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.

Reagan exploded the debt.

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

 

[Care4all]

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

No they are wrong and without historical perspective....Tax cuts will create jobs...its been proven right in front of our eyes...jobs will create tax payers....and tax payers pay taxes to the treasury and that will and is helping to correct Obama's massive deficits.....

not unless they are good paying jobs... and so far the corporations have not invested their massive tax savings in to company infrastructure here in the USA for those new, high paying jobs....

remember, 47/50% of tax payers, do not pay federal income tax, because they do not earn enough at their jobs to owe any federal income tax... and that 50% did not get any tax savings from the tax cut either, because they already, owed no federal income tax....

while the cost of living went up by 2.9%.... not including the fuel cost rise....
So unless that bottom 50% of Americans get a pay raise in a sizeable amount, they are now worse off than before Trump's tax cut....

And the gap, between the rich and poor, just got greater from that tax cut...

and your prediction of collecting more in taxes, just got crushed

 

[Rambunctious]

deficits are increasing dramatically...

BS they were rising under Obama but this economic success Trump has had will bring the deficit down....Obama's way which is most likely your way has already been proven not to work...give the tax cuts and job increases a chance...they will bring the deficit down...hell you gave Obama a proven failure 8 years to get it right and he failed.....

 

[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?

 

[Rambunctious]

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

No they are wrong and without historical perspective....Tax cuts will create jobs...its been proven right in front of our eyes...jobs will create tax payers....and tax payers pay taxes to the treasury and that will and is helping to correct Obama's massive deficits.....

not unless they are good paying jobs... and so far the corporations have not invested their massive tax savings in to company infrastructure here in the USA for those new, high paying jobs....

remember, 47/50% of tax payers, do not pay federal income tax, because they do not earn enough at their jobs to owe any federal income tax... and that 50% did not get any tax savings from the tax cut either, because they already, owed no federal income tax....

while the cost of living went up by 2.9%.... not including the fuel cost rise....
So unless that bottom 50% of Americans get a pay raise in a sizeable amount, they are now worse off than before Trump's tax cut....

And the gap, between the rich and poor, just got greater from that tax cut...

Okay then lets go back to Obama's economy....buuuuaaahahahahahaha!!! buffoons...all of you....

 

[Brain357]

deficits are increasing dramatically...

BS they were rising under Obama but this economic success Trump has had will bring the deficit down....Obama's way which is most likely your way has already been proven not to work...give the tax cuts and job increases a chance...they will bring the deficit down...hell you gave Obama a proven failure 8 years to get it right and he failed.....

They were decreasing till repubs took over. They are going to break a trillion again.

 

[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.

Reagan exploded the debt.

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

/——/ Wrong again Tinkerbell , the democRAT congress failed to cut spending as promised. Reagan could not spend a dime. Go read a civics book.

 

[Rambunctious]

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.....

 

[SmokeALib]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

Get a job.

 

[g5000]

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.

 

[Brain357]

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?

 

[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.....

Oh, now you blame Congress! BWA-HA-HA-HA-HA!

So we can blame the GOP for Obama's deficits, right?

Show me any instance of you doing that.