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CBO: GDP is projected to grow by 2.3% in 2019 (Trump promised 4%) (Original Post) Yosemito Jan 2019 OP
I'm sure the fault lies with SCantiGOP Jan 2019 #1
I remember when Obama was trying to pull us out of the Bush avalanche Mr. Ected Jan 2019 #2
But, but, but Deficits ProudLib72 Jan 2019 #3
Deficits aren't bad SCantiGOP Jan 2019 #5
For one thing. I do not trust any GOP. Iliyah Jan 2019 #4
The CBO is not the GOP Yosemito Jan 2019 #6

Mr. Ected

(9,680 posts)
2. I remember when Obama was trying to pull us out of the Bush avalanche
Mon Jan 28, 2019, 11:37 AM
Jan 2019

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.


(17,984 posts)
3. But, but, but Deficits
Mon Jan 28, 2019, 11:40 AM
Jan 2019
Deficits. In CBO’s 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. CBO’s projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019–2028 period, $1.2 trillion less—than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most 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.
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