Quote:
Originally Posted by Steve Rupe
The CBO is reporting deficits of more than one trillion dollars in part due to the Donald's tax cuts. Is the CBO a detractor and are just wrong?
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Steve, I would say AGAIN...wait and see.
The CBO uses static numbers...it's impossible for them to be able to foresee potential growth (and also potential downturns in the economy).
Their numbers don't take into account INCREASED federal revenue that occurs as an economy grows.
Here is an article from Forbes from last year that shows the inaccuracy of the CBO. They've basically been WRONG for years now on all their predictions:
https://www.forbes.com/sites/theapot.../#6627836e67a2
Being "bi-partisan" doesn't mean they are smart, correct, or reliable. It seems that it's just the opposite. Being wrong every year they should probably be shut down as a waste of tax payer money. A good accountant with a pocket calculator could do a better job.