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Started By
Message
re: CBO estimates BBB will increase deficit by $2.4 trillion.
Posted on 6/4/25 at 12:01 pm to PaperTiger
Posted on 6/4/25 at 12:01 pm to PaperTiger
1% off on such complicated projections doesn’t seem too bad.
0
Posted on 6/4/25 at 12:01 pm to Rip Torn
I also saw a link suddenly in OP, without and edit. Must have been on my end. Apologies to OP for my last post.
Anyway, the link confirms the estimate is over 10 years, just to put a bow on that weird interaction.
Anyway, the link confirms the estimate is over 10 years, just to put a bow on that weird interaction.
Posted on 6/4/25 at 12:03 pm to Tigerfan1274
quote:
Thoughts?
What are the assumptions that went into the number they came up with????
The numbers out are only as good as the numbers in.
If it's the AP, they are most likely using the assumptions that are given to them from the democrats and they are picking numbers that make it look the absolute worst.
Posted on 6/4/25 at 12:04 pm to Tigerfan1274
I quit caring about 20 yeas ago and just stocked up on MRE's, ammo, medicine, antibiotics, fresh water, etc. Both sides will keep spending at a rate that is not sustainable and you'd better prepare yourself for the complete financial collapse.
Posted on 6/4/25 at 12:22 pm to moneyg
Because this:
Growing the deficit from 2t to 2.4t over 10 years is 20(+)t in additional debt. How the hell is adding 20,000,000,000,000 over just 10 years better than what anyone is expecting?
quote:
Not good, but better than I was expecting TBH.
Growing the deficit from 2t to 2.4t over 10 years is 20(+)t in additional debt. How the hell is adding 20,000,000,000,000 over just 10 years better than what anyone is expecting?
This post was edited on 6/4/25 at 12:23 pm
Posted on 6/4/25 at 12:23 pm to j1897
quote:No.
I think you're confusing deficit with debt.
That shite is PER YEAR
It's over 10yrs, and that's also w/o dynamic scoring. So it could be less. Plus, CBO tariff calculations are $2.8T in revenue over the same period.
Again, not great at all. The $2.4T is on TOP of existing 10yr debt calculations (countered by tariff revenue). IOW, we're increasing existing deficits $240B/yr, if the house version stands. With the tariff revenue, it's more or less a wash.
This post was edited on 6/4/25 at 12:26 pm
Posted on 6/4/25 at 12:24 pm to Tigerfan1274
Why the frick can’t we have a balanced budget?
Posted on 6/4/25 at 12:26 pm to NC_Tigah
Based on your numbers and accounting for tariff revenue, looks like this lowers the deficit by 40 billion annually.
Posted on 6/4/25 at 12:28 pm to NC_Tigah
quote:
ncreasing existing deficits $240B/yr
Bro that's fricking insane. We will never recover from this.
Posted on 6/4/25 at 12:32 pm to GRTiger
quote:Correct, but .... CBO is really spitballing the tariffs. Assumptions ~30-40% China, ~10% everyone else ... x 10years. A whole lot of assumptions go into that.
Based on your numbers and accounting for tariff revenue, looks like this lowers the deficit by 40 billion annually.
Posted on 6/4/25 at 12:33 pm to j1897
quote:Bro, you're preaching to the choir.
Bro that's fricking insane. We will never recover from this.
Posted on 6/4/25 at 12:33 pm to j1897
quote:
Because this: quote:Not good, but better than I was expecting TBH.
That doesn’t make sense. It’s pretty obvious you were confused.
quote:
Growing the deficit from 2t to 2.4t over 10 years is 20(+)t in additional debt
So you think the CBO is saying the yearly deficit will grow from 2T to 2.4 T? Is that your understanding?
quote:
How the hell is adding 20,000,000,000,000 over just 10 years better than what anyone is expecting?
This is funny for many reasons but one of which is your math comment.
Assuming your statement if the deficit going from 2 to 2.4, that would be 24T not 20T if you are talking about total debt incurred.
Of course, this entire topic is about ADDITIONAL debt of the BBB of which, according to your numbers l, this bill would account for 4T of.
And of course, you just made up that 4T number as the OP references 2.4T.
Lastly, of course our debt growing 20T+ isn’t a good thing. You are arguing with yourself.
Posted on 6/4/25 at 12:37 pm to moneyg
quote:no
So you think the CBO is saying the yearly deficit will grow from 2T to 2.4 T? Is that your understanding?
Posted on 6/4/25 at 12:39 pm to Tigerfan1274
If the congress does absolutely nothing, deficits will go down next year. That’s the baseline that very few around here seem willing to admit.
Now we all know the why - tax cuts expiring - but it’s the truth nonetheless. To argue otherwise is disingenuous.
This bill extends and increases those cuts without decreasing spending by the same level, ergo the deficit will increase faster than the status quo.
Now we all know the why - tax cuts expiring - but it’s the truth nonetheless. To argue otherwise is disingenuous.
This bill extends and increases those cuts without decreasing spending by the same level, ergo the deficit will increase faster than the status quo.
This post was edited on 6/4/25 at 12:40 pm
Posted on 6/4/25 at 1:15 pm to NC_Tigah
quote:
no
Why did you reply to me as if I was asking you a question
Are you and j1897 the same person?
Posted on 6/4/25 at 3:49 pm to moneyg
quote:My mistake.
Why did you reply to me as if I was asking you a question
quote:That was unnecessarily hurtful.
Are you and j1897 the same person?
Posted on 6/4/25 at 3:53 pm to NC_Tigah
quote:
That was unnecessarily hurtful.
It's just a weird thread in which he responded to you and then acted as if he hadn't as I pointed out that his response to you was wrong...only to have you respond to me when my question was directed to him.
Posted on 6/4/25 at 4:38 pm to moneyg
quote:I've been posting on the fly.
It's just a weird thread in which he responded to you and then acted as if he hadn't as I pointed out that his response to you was wrong...only to have you respond to me when my question was directed to him.
Glanced and apparently misread your post as a j1897 response.
Posted on 6/4/25 at 4:39 pm to Tigerfan1274
quote:+ or - tariffs?
CBO estimates BBB will increase deficit by $2.4 trillion.
quote:Unacceptable!!!
Thoughts?
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