08-05-2018, 01:47 PM
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#1091
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Living Legend
Join Date: Aug 2008
Age: 58
Posts: 21,701
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Re: When is Enough ,Enough?
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Originally Posted by Giantone
.......thanks Obama.
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In President Obama’s last year in office, 2016, CBO’s*January report*(page 108),*March report*(page 13) and*August report*(page 68) reported a combined loss in ten-year revenue estimates of*$1,089 billion.* Overall, in the three years after President Obama’s 2013 tax hike -- purportedly to address the deficit, CBO’s twelve revisions report slower growth triggering a staggering $3.1 trillion in ten-year revenue losses through the end of his term.
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You thank him
I will thank Trump
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The CBO has issued two budget and economic reports after President Trump took office in January 2017.* In CBO’s June 2017 “Updated to the Budget and Economic Outlook”, page 19 reports that ten-year revenue estimates rose by $195 billion for “economic reasons”.** Then in CBO’s April 2018*“Budget and Economic Outlook”,*page 94 reports that ten-year revenue estimates rose by $1,088 billion for “economic reasons”.* This is the largest jump in revenues for economic reasons ever reported by CBO, and results from, in CBO’s words, their “current projections suggest[ing] a stronger economic outlook than those that the agency published in June 2017”.
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