[92nina]

CBO predicts a 0.5% decline in U.S. economy under fiscal tightening scenario

[cripplecreek]

These articles crack me up.

They’re written as if things aren’t bad right now.

Frankly I think these economists need to get real jobs if they can.

[blam]

"If tax increases are made, the deficit would be expected to shrink to about $641 billion."

So...we'd only be going into further debt (borrowing) $641 billion instead of $1.2 trillion a year.

That would delay the time to complete collapse by a little, eh?

[lonestar67]

The CBO is in denial or lying about the deficit reduction.

Take a look at the revenue chart 2008 to 2009. The US lost HALF a TRILLION in revenue with the recession.

If the economy slowed .5% as predicted— it would do massive damage to the revenue side. CBO pretends that everyone losing their job and going out of business will still pay taxes. That is false. Tax revenues will decline and that is why tax cuts do pay for themselves— they raise revenue and the Bush years show that.

[mikrofon]

Short of a major wartime mobilization, more than doubling Federal expenditures in 10 years CANNOT be justified.

It AIN’T the revenue side....

[DuncanWaring]

Years 2000 and 2001 are shown spending less than revenue.

Why, then, has the National Debt never decreased, year-over-year, since some time in the Eisenhower administration?

Someone’s lying.