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Jun 30 - CBO New Deficit Projection: 800 Billion More Due To Shift From Obama Era Policy


 


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 2 years ago '10        #1
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Bandito 165 heat pts165
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Jun 30 - CBO New Deficit Projection: 800 Billion More Due To Shift From Obama Era Policy
 

 
This is the new 10 year deficit projection from the Congressional Budget Office.

Everyone agrees that they are nonpartisan. They don't care if you support gay marriage. If you support trump or Clinton. They are number crunchers.

First thing. Every year during the Obama Presidency the deficit went down.
There was still a deficit. So, the debt continued to rise. But, at a slower pace.

That is for all you who want to rush in here and yell Obama raised the debt
by 10 trillion blah blah blah


Here is the original CBO report if you want to read it. It was released yesterday.


[pic - click to view]

 https://www.cbo.gov/publication/52801

Here is a chart comparing the previous projection when Obama was still
in office and the new projection using trump's proposed policy.

Obama = Blue
trump = Red



[pic - click to view]



Over the 10 years, 880 billion more will be added to the deficit than was
earlier projected. 134 Billion more will be added in just 2017.

The main driver of this is revenue is not going to keep up with the increased
spending from policy proposed by the trump administration.

Tax cuts are not being offset by decreased spending

As you can see from this chart. Budget spending is going to increase
substantially under trump's budget proposals. After decreasing and
remaining steady during the Obama administration


[pic - click to view]




No. I do not have a source article. All the raw data is the link to the
CBO report above. The two charts use data from that report.

3 comments for "Jun 30 - CBO New Deficit Projection: 800 Billion More Due To Shift From Obama Era Policy"

 2 years ago '16        #2
Ham Bannon 112 heat pts112
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remember when republicans used to pretend they cared about deficit reduction?

 2 years ago '04        #3
skillahmang 3 heat pts
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 Ham Bannon said
remember when republicans used to pretend they cared about deficit reduction?

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