10-21-2022, 12:57 PM
10-21-2022, 01:07 PM
(10-21-2022, 12:57 PM)The Real Marty Wrote: [ -> ]The deficit has been cut in half! It's all the way down to...
Drumroll...
ONE POINT THREE TRILLION DOLLARS!!
...is that actually a decline?
10-21-2022, 01:28 PM
Tell us another whopper there Gram'pa.
https://www.washingtonpost.com/politics/...t-deficit/
The Congressional Budget Office, the official scorekeeper, in February 2021 estimated the budget deficit would fall dramatically in fiscal 2021 and 2022 because emergency pandemic spending would lapse. Budget deficits would be high in both years, but the red ink would begin to shrink.
When Biden says he cut the deficit by $350 billion in 2021, that’s a real number. In its latest report, the CBO says the figure is $360 billion.
But here’s the shell game.
Before Biden took office, CBO said in its early 2021 projection that the budget deficit was expected to decline $875 billion in 2021. But then Biden enacted additional covid relief funds and other new policies, resulting in the more modest decline of $360 billion.
The budget deficit was expected to fall even more in 2022, and it has under Biden. But the combined 2021 and 2022 budget deficits were projected by CBO to be $3.31 trillion. Now, CBO says they will be $3.81 trillion.
In other words, Biden is bragging about reducing budget deficits even as he increased the national debt about $500 billion more than originally projected.
https://www.washingtonpost.com/politics/...t-deficit/
The Congressional Budget Office, the official scorekeeper, in February 2021 estimated the budget deficit would fall dramatically in fiscal 2021 and 2022 because emergency pandemic spending would lapse. Budget deficits would be high in both years, but the red ink would begin to shrink.
When Biden says he cut the deficit by $350 billion in 2021, that’s a real number. In its latest report, the CBO says the figure is $360 billion.
But here’s the shell game.
Before Biden took office, CBO said in its early 2021 projection that the budget deficit was expected to decline $875 billion in 2021. But then Biden enacted additional covid relief funds and other new policies, resulting in the more modest decline of $360 billion.
The budget deficit was expected to fall even more in 2022, and it has under Biden. But the combined 2021 and 2022 budget deficits were projected by CBO to be $3.31 trillion. Now, CBO says they will be $3.81 trillion.
In other words, Biden is bragging about reducing budget deficits even as he increased the national debt about $500 billion more than originally projected.
10-21-2022, 01:58 PM
(10-21-2022, 12:57 PM)The Real Marty Wrote: [ -> ]The deficit has been cut in half! It's all the way down to...
Drumroll...
ONE POINT THREE TRILLION DOLLARS!!
How's that bridge workin out for ya?
No refunds!!
10-21-2022, 04:46 PM
(10-21-2022, 01:58 PM)WingerDinger Wrote: [ -> ](10-21-2022, 12:57 PM)The Real Marty Wrote: [ -> ]The deficit has been cut in half! It's all the way down to...
Drumroll...
ONE POINT THREE TRILLION DOLLARS!!
How's that bridge workin out for ya?
No refunds!!
I was making a joke. 1.3 trillion is a ridiculous thing to brag about.
10-21-2022, 08:35 PM
(10-21-2022, 04:46 PM)The Real Marty Wrote: [ -> ](10-21-2022, 01:58 PM)WingerDinger Wrote: [ -> ]How's that bridge workin out for ya?
No refunds!!
I was making a joke. 1.3 trillion is a ridiculous thing to brag about.
Well damn Marty!! You're coming along!!
I was unaware you had a sense of humor.. well done!!