(02-21-2018 02:41 PM)Machiavelli Wrote:  SEARCH INJINS ARE HARD!!!!!!!!!!!!!!

Don't know the mystery behind it y'all could have done this on your own, but this one is EVEN BETTER FOR MY ARGUMENT

https://www.cbo.gov/publication/52370

Again, when you read the words from the CBO the big drivers are as follows:

Quote:In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. CBO projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.

As I said, we are seeing the fruits of the FDR and LBJ debt bombs from the social security and medicare programs. In the budget for 2018, the spending for social security and healthcare is about 55%. As our population ages, it will get significantly worse. It's unsustainable - as I've said before plenty of times...

(02-21-2018 02:41 PM)Machiavelli Wrote:  SEARCH INJINS ARE HARD!!!!!!!!!!!!!!

Don't know the mystery behind it y'all could have done this on your own, but this one is EVEN BETTER FOR MY ARGUMENT

https://www.cbo.gov/publication/52370

from paragraph 3

"CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009."

and from much further down...

"According to CBO’s projections, actual and potential GDP alike will expand at an average annual rate of 1.9 percent during the second half of the 10-year period."

Those are some pretty piss-poor projections. Basically saying this economic growth since trump was elected is an anomaly and we will return to the near-stagnant economic growth under Obama without giving a reason.

Also, there's no chart showing deficits anywhere that I could find.