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Originally Posted by Dirty F
No, all these idiots do is spread fear, hate and lies. And call everyone sheep who want don't blindly believe it. But you as an imbecile conspiracy nutter ofcourse have no problem with that.
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So enlighten us with your prediction or insight knowledge.
Let me gues the stock market will go up and up and up and will not go down a single point? Gold and silver will go down and the job market will skyrocket with no unemployed? And we will all live long happy after all ......
This is what the non-conspiracy professionals predict for the future and how "right" they have been in the past 10 years.
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The Congressional Budget Office has just released a report that contains their outlook for the next decade. The report is entitled ?The Budget and Economic Outlook: Fiscal Years 2013 to 2023″, and if you want a good laugh you should read it.
Here are some of the things that the CBO believes will happen?
-The CBO believes that government revenues will more than double by 2023.
-The CBO believes that government revenue as a percentage of GDP will rise from 15.8 percent today to 19.1 percent in 2023.
-The CBO believes that the unemployment rate will continually fall over the next decade.
-The CBO believes that the federal budget deficit will fall to just 2.4% of GDP in fiscal year 2015.
-The CBO believes that the federal budget deficit will only be $430 billion in 2015.
-The CBO believes that we will not have a single recession over the next decade.
-The CBO believes that inflation will stay at about 2 percent for the next decade.
-The CBO believes that U.S. GDP will grow by a total of 67 percent by 2023.
Wow, all of that sounds great until you go back and take a look at how CBO projections have fared in the past.
In fact, Bruce Krasting has gone back and looked at the numbers from the Congressional Budget Office?s Budget and Economic Outlook 2003. I think that you will find the differences between the CBO projections and what really happened to be very humorous?
Estimated 10-year budget surplus = $5.6T.
Reality = $6.6T deficit. A 200+% miss.
Estimate for 2012 Debt Held by Public = $1.2T (5% of GDP).
Reality = Debt Held by Public = $11.6T. A 1000% miss.
Estimated fiscal 2012 GDP = $17.4T.
Reality = $15.8T. A $1.6T (10%) miss.
So should we trust what the CBO is telling us now?
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