Politics Trump’s 2019 Budget Underestimated New Debt by $2.3 Trillion, CBO Says

[SlyPokerDog]

http://www.thefiscaltimes.com/2018/...d-New-Debt-23-Trillion-CBO-Says#disqus_thread

 

[bodyman5000 and 1]

http://www.thefiscaltimes.com/2018/...d-New-Debt-23-Trillion-CBO-Says#disqus_thread

They're both wrong. They need to ask the CBO.
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Chinese
Budget
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[Lanny]

http://www.thefiscaltimes.com/2018/...d-New-Debt-23-Trillion-CBO-Says#disqus_thread

Yeah, but think of all the wealthy people who will benefit from the huge tax cut that made the deficit skyrocket. Surely, you lower wage working folk won't begrudge them their due. All it's going to cost are some cuts to social security and medicare down the road.

 

[julius]

Funny how much the Republicans in the house and senate have long talked about lower the national debt.

 

[riverman]

That's a lot of porn star payolla

 

[oldfisherman]

Yeah, but think of all the wealthy people who will benefit from the huge tax cut that made the deficit skyrocket. Surely, you lower wage working folk won't begrudge them their due. All it's going to cost are some cuts to social security and medicare down the road.

I believe the plan is to create a high rate of inflation. Then use cheaper dollars to pay off old loans.

Start up the printing presses.

Oh, and sometimes Trump sounds like a democrate.

 

[Lanny]

Funny how much the Republicans in the house and senate have long talked about lower the national debt.

Hey, that was all in good fun.

 

[julius]

I believe the plan is to create a high rate of inflation. Then use cheaper dollars to pay off old loans.

Start up the printing presses.

Oh, and sometimes Trump sounds like a democrate.

Hey, I'm all for inflation it it means I can A: pay off my student loans and B: buy houses left and right like we're Detroit...

 

[MARIS61]

“OMB projects real GDP growth averaging 3 percent over the next decade while CBO's Since GDP Growth Rate in the United States averaged 3.21 percent from 1947 until 2018, reaching an all time high of 16.90 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958.

Since GDP Growth Rate in the United States averaged 3.21 percent from 1947 until 2018, the OMB's projection is conservative while the CBO's projection is obviously not based in anything resembling reality.

 

[MARIS61]

Hey, I'm all for inflation it it means I can A: pay off my student loans and B: buy houses left and right like we're Detroit...

Every time I hear someone bitch about paying off their student loans I realize there really is a sucker born every minute.

 

[julius]

Every time I hear someone bitch about paying off their student loans I realize there really is a sucker born every minute.

I can't say I disagree with that. The older I'm getting the less I've felt my college education was worth the money I spent.

 

[bodyman5000 and 1]

Every time I hear someone bitch about paying off their student loans I realize there really is a sucker born every minute.

It depends on what the loan was for and the aptitude of the student.

 

[riverman]

Every time I hear someone bitch about paying off their student loans I realize there really is a sucker born every minute.

hopefully you'll never need heart surgery from a self taught surgeon who didn't waste money on an education

 

[bodyman5000 and 1]

hopefully you'll never need heart surgery from a self taught surgeon who didn't waste money on an education

That doc probably isn't bitching about his student loans. His Maserati loan? Maybe.

Edit... A real surgeon obviously

 

[riverman]

Every time I hear someone bitch about paying off their student loans I realize there really is a sucker born every minute.

 

[riverman]

That doc probably isn't bitching about his student loans

I used to play tennis with a lot of those guys and...yeah...they bitch about the cost of education.....also they drive BMWs almost exclusively....won't find a real American car in the lot amongst that crowd

 

[bodyman5000 and 1]

I used to play tennis with a lot of those guys and...yeah...they bitch about the cost of education.....also they drive BMWs almost exclusively....won't find a real American car in the lot amongst that crowd

Rich docs bitching about the loans are bitching like HCP does when his ice cream only fills half the bowl. Not the end of the world.

 

[Lanny]

I can't say I disagree with that. The older I'm getting the less I've felt my college education was worth the money I spent.

I can say the opposite. Albeit, my degree is in engineering rather than liberal arts. I now live in a very nice home in Lake Oswego with substantial investments at Merrill Lynch. All this in spite of being totally disabled for the last two decades.

You've got to pick the right course and work hard.