(10-08-2019 08:05 PM)Owl 69/70/75 Wrote:  

(10-08-2019 07:03 PM)Marc Mensa Wrote:  

(10-08-2019 06:30 PM)Owl 69/70/75 Wrote:  But you ignore my point. That even without any Trump changes, CBO projected rapidly-increasing deficits under legacy Obama policies.

Rapidly increasing deficits have been projected long before President Obams took office... simply because many more people would be pulling from SS and Medicare than contributing, and the CBO acknowledges as much.
The current deficit spike we are incurring now, however, is a result of decreased revenues. The projected outlays from are exactly where the CBO projected in 2016... the revenues, however, are off by 300 billion... and that 300 billion is due to the tax cut.

And I would agree that maybe $300 billion is due to Trump. That leaves over $600 billion due to legacy Obama programs. Which is what I’ve been saying all along.

2018’s deficit was 784 billion... roughly half of which is due to the 300+ billion dollar revenue shortfall. It takes just a rudimentary review of the 2016 CBO report along with the 2018 CBO budget data to draw this simple conclusion.

You’re attempting, however, to place blame of the rest of the 2027 deficit on creative accounting and not the growing senior population (SS & Medicare) and debt service ... which is what the CBO attributes the inevitable tsunami of debt.