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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 344,450 of 345,374   
   Gronk to David Hartung   
   Re: The Nation's Fiscal Health   
   10 Oct 23 22:45:32   
   
   XPost: alt.tv.pol-incorrect, alt.fan.rush-limbaugh, alt.politics.usa   
   XPost: talk.politics.usa   
   From: invalide@invalid.invalid   
      
   David Hartung wrote:   
   > On 10/6/23 13:19, Mitchell Holman wrote:   
   >> Ubiquitous  wrote in   
   >>> Chairman Barr, Ranking Member Foster, and Members of the   
   >>> Committee:   
   >>>   
   >>> Thank you for the opportunity to join you today to   
   >>> discuss the   
   >>> nation’s unsustainable fiscal path, the risks posed by   
   >>> debt limit   
   >>> impasses, and actions Congress can take to address these   
   >>> challenges.   
   >>>   
   >>> Last month we issued our seventh annual fiscal health   
   >>> report to   
   >>> examine the current fiscal condition of the federal   
   >>> government and its   
   >>> future fiscal path, absent policy changes in revenue and   
   >>> program   
   >>> spending.1 The report highlights long-term projections   
   >>> from GAO and   
   >>> others showing that the balance of current revenue and   
   >>> program   
   >>> spending policies result in debt growing faster than the   
   >>> economy. This   
   >>> is unsustainable over the long term. Rising debt,   
   >>   
   >>       Rising debt, indeed.   
   >>   
   >> President Trump has Signed $4.7 Trillion   
   >> of Debt into Law   
   >>   
   >> JAN 8, 2020   
   >>   
   >> Our US Budget Watch 2020 project analyzes,   
   >> estimates, and explains the fiscal   
   >> implications of proposals introduced   
   >> during the presidential campaigns. These   
   >> proposals offer important insights on each   
   >> candidate’s fiscal priorities. So too do   
   >> their past records, especially the record   
   >> of the candidate who has already served   
   >> as President for three years – President   
   >> Donald Trump.   
   >>   
   >> During the 2016 campaign, we estimated   
   >> then-candidate Trump’s campaign plans   
   >> would add $5.3 trillion to the debt from   
   >> 2017 to 2026 (assuming policies were   
   >> enacted immediately). In this analysis,   
   >> we show that President Trump has already   
   >> signed into law $4.2 trillion of debt   
   >> over a comparable budget window and $4.7   
   >> trillion from 2017 through 2029.   
   >> https://tinyurl.com/3faxd428   
   >   
   > The fact that Trump did something makes it acceptable for   
   > Democrats to do it?   
   >   
      
   Where was the republican outrage over that debt???   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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