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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCBO: GDP is projected to grow by 2.3% in 2019 (Trump promised 4%)
Another example of Donald Trumps failed, unrealistic goals that he fed Americans to get elected:
https://www.cbo.gov/publication/54918
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CBO: GDP is projected to grow by 2.3% in 2019 (Trump promised 4%) (Original Post)
Yosemito
Jan 2019
OP
SCantiGOP
(14,150 posts)1. I'm sure the fault lies with
Obama, Pelosi or Mexico.
Mr. Ected
(9,684 posts)2. I remember when Obama was trying to pull us out of the Bush avalanche
And the right wingers cried and moaned that the recovery wasn't going fast enough for their tastes.
Today, they're not mentioning how Trump has slowed down the Obama recovery nor berating him for less than stellar economic results. That's because it's never about reality with them, only maintaining or regaining power.
ProudLib72
(17,984 posts)3. But, but, but Deficits
Deficits. In CBOs projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years. CBOs projection of the deficit for 2019 is now $75 billion lessand its projection of the cumulative deficit over the 20192028 period, $1.2 trillion lessthan it was in spring 2018. That reduction in projected deficits results primarily from legislative changesmost notably, a decrease in emergency spending.
Unless the 1% suddenly experience the effects of climate change at their second or third vacation home...
What a complete failure this administration is, and we won't see the cumulative effects for another five years.
SCantiGOP
(14,150 posts)5. Deficits aren't bad
Only Democratic deficits.
Every RW asshole from Cheney to Trump have said this.
Iliyah
(25,111 posts)4. For one thing. I do not trust any GOP.
The GDP could be much lower.
Yosemito
(648 posts)6. The CBO is not the GOP
Understand your post.