CNBC: CBO says it’ll add a trillion dollars to our public debt. How do you square that? BESSENT: If you turn up the growth projections to something like 3 percent, then the debt disappears
https://v.redd.it/haqrqcw30paf1
by Miserable-Lizard
42 comments
Why not go higher it makes it even look better!!!! Remember reality doesn’t matter when you are Maga, trump says Jump off a cliff and Maga days yes Daddy we are pathetic and do whatever you want! Sad!
Ah yes, if you make up the numbers they become good
The debt is guaranteed at this point, the “growth” isn’t. These people should be jailed for lying. You remember all the predatory and shady practices that led to 2007/8? Yea, this guy is the type of guy that let it happen.
Wow I can see his own wheels spinning trying to justify this bullshit. He looked like a whore at church about to tell the priest she’s a virgin.
What a radical idea, why didn’t they do this before? Oh wait.
None of this is true.
Lots of uhhhhhhhs and uh involved does he have a hard time lying?
Growth from what? You’re cutting renewable energy jobs and rural hospitals are going to close.
This guy is full of s***.
The fault is with the “reporter” here.
They are counting on AI to make the numbers. But AI will be taking your jobs. So we’ll have great GDP but the class divisions will become much worse.
Just turn the growth knob duh
We project over a billion percent growth. And we are already half way there
Is he in ketamine also?
It’s all smoke and mirrors and pretty much the same outcome.
The point is who gets what.
Trump on Covid: ’ if we stop testing right now, we’d have very few cases, if any’
That shit hasn’t worked since the first Republican mumbled “ trickle down theory”, and here we are 45 years later,….
We’re supposed to just ignore the fact that growth is always higher under Democratic administrations than under Republican administrations.
The least among us are in charge.
And if my mother had wheels she’d be a bicycle
One of my professors told the class: ask a mathematician what 1+1 is he’ll tell you 2, ask an economist he’ll answer ‘whatever we want it to be’
He wishes to replace Powell as FED Chairman, for designating an economist…he uses a crystal ball to define the level of US debt…..This man is an unconscious magician… Please stop him, He is danger to the US.
And if you have job loss numbers like 35,000 decrease in jobs and a tax cuts that add $3tn to the deficit then the debt increases
In Imaginationland anything is possible!
The tax cuts are primary what we currently have as of today and we do not have 3% growth. Extending, with a few additions, doesn’t make sense.
The irresponsibility of the media to not call out this bullshit is part of the problem.
“The Federal Reserve currently projects real GDP growth in 2025 to be1.4%.”
Bunch of fucking clowns.
He always looks like such an ass.
He’s also full of shit.
If people, who are broke, buy more stuff while being taxed higher, we’ll be fine.
He’s lying …
And if frogs had wings they wouldn’t go bumping their ass on the ground.
If I add another zero to my money, it looks great!
Honestly I’m happy it passed. I don’t want cuts to Medicaid but I also didn’t vote for this and I’ve been daily trying to have discussions about it with incredibly obtuse and arrogant supporters so you know what, enjoy it and I’ll keep getting more than $9,000 in extra income that I don’t really deserve
We lose money on every transaction but make up for it in volume.
I tried this trick with my back, didn’t work.
I love how they are saying that growth is gonna be much higher than everybody expects. Its not like GDP and jobs numbers are constantly revised down or anything….
“Biggest tax cut” for the top 1 percent.
“the debt disappears”
When Bessent said it, he should have been “Laffer’ed” out and reminded that trickle down and David Laffer’s theory of the so-called Laffer curve, said the same thing about 1980’s era Reaganomics, that the growth curve would rebalance the equation so that the added debt would be offset and reduced by the tremendous growth that was going to come by the trickle down effect as the top tax rates were eased for the highest income brackets.
Trickle down economic benefits never happened. We were duped back then. Now it’s once bitten twice shy but the Republican Party has sold itself out to the Cult and abandoned fiscal conservatism completely… but seems that we have seen this movie before, and there are no REAL fiscal conservatives left under the GOP brand. What does MAGA think? That this will make America great? Greatly in debt, more than ever before.
That’s all Folks!
Why not turn it up to 11?
And you see what had happened was….
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