Rajjpuut's Folly: CBO Analysis: by 2020, Obama Budget Will Bankrupt Nation

National Debt Will Grow to 90% of Gross Domestic Project by 2020

You can fool some of the people all of the time, all of the people some of the time and the Congressional Budget Office too much of the time. However, just as it’s not nice to fool Mama Nature, sooner or later the CBO usually does the job they’re paid to do and the fooling around stops. After showing the testicles of an emasculated amoeba and failing to stand up to the Obamacare budget projections last week, this week the CBO finally stopped squeaking liking mice and stood up like men and after projecting Obama’s budgets out into the future said:

http://www.cbo.gov/ftpdocs/112xx/doc11231/frontmatter.shtml

The CBO's preliminary analysis indicates the following:

If the President’s proposals were enacted, the federal government would record deficits of $1.5 trillion in 2010 and $1.3 trillion in 2011. Those deficits would amount to 10.3 percent and 8.9 percent of gross domestic product (GDP), respectively. By comparison, the deficit in 2009 totaled 9.9 percent of GDP.

Measured relative to the size of the economy, the deficit under the President’s proposals would fall to about 4 percent of GDP by 2014 but would rise steadily thereafter. Compared with CBO’s baseline projections, deficits under the proposals would be about 2 percentage points of GDP higher in fiscal years 2011 and 2012, 1.3 percentage points greater in 2013, and above baseline levels by growing amounts thereafter. By 2020, the deficit would reach 5.6 percent of GDP, compared with 3.0 percent under CBO’s baseline projections.

Under the President’s budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020. As a result, net interest would more than quadruple between 2010 and 2020 in nominal dollars (without an adjustment for inflation); it would expand from 1.4 percent of GDP in 2010 to 4.1 percent in 2020.

The yearly interest on the national debt as a budget entity by 2020 would prohibit virtually any semblance of normalcy. And that's NOT diminishing or paying down the debt, just paying interest upon it. As all truly aware citizens know, the reason for the upcoming drops in deficits shown by the CBO are that a series of new front-loaded taxes are about to be sprung upon the nation (great idea during a recession, eh?) to pay for Obamacare and all the projections for incredible benefits from Obamacare all the while cutting deficits is based upon the most optimistic possible scenarios for economic bounce-back.

Since the “jobs-president” rather than concentrating on jobs has been doing everything possible to annihilate jobs with his jobs-busting economic policies . . . it is very possible that the economic situation come 2020 may be considerably much worse than the CBO projects. Since the president has a whole deskload of initiatives like amnesty and citizenship for illegal aliens on his plate that are all very expensive GIBs and GSBs (Government Interference and Government Spending Boondoggles) . . . it is very possible that the economic situation come 2020 may be much, much worse than the CBO projects. Since Obama is looking to make many more “fundamental transformations” to this country . . . it is very possible that the economic situation come 2020 may be much, much, much worse than the CBO projects. It does NOT appear that Obama is through spending this year or ever.

Rajjpuut suggests three new Amendments to the U. S. Constitution (1. Obamacare and all its effects be immediately repealed 2. Federalism Amendment prevents country from passing laws that state governments must pay for such as Medicaid which is set to bankrupt every state by 2020 3. Federal spending be limited to 12.5% of the previous year’s GDP); that come November the voters reject all those who supported Obamacare; and that Obama be voted out for incompetence and operating contrary to his oath to “preserve, protect and defend the Constitution of the United States.”

http://www.politico.com/news/stories/0408/9610.html

http://www.politico.com/static/PPM41_eastafrica.html

Visit these two links. Read the words from Barak Hussein Obama, Sr., our president’s father, as he tells us the benefits of 100% taxes for Kenya. He didn't think mere socialism was good enough for Kenya, but that the country needed 100% taxes a.k.a. communism and his non-ending diatribes got him kicked out of government. His son devoted his first autobiography "Dreams from My Father" to that man but took great pains never to reveal his politics. As said and proven in these pages often before, President Barak Obama is a communist and his birth-father, mother and grandfather were all communists. The man is doing all he hoped to do, he is overthrowing the American way of life.

Ya’all live long, strong and ornery,

Rajjpuut


Views: 15

Comment

You need to be a member of Tea Party Command Center to add comments!

Join Tea Party Command Center

LIGHTER SIDE

 

Political Cartoons by AF Branco

Political Cartoons by Chip BokPolitical Cartoons by Steve Kelley

ALERT ALERT

The Fall Of Fake News!! Quiet Shake-Up At MSNBC After Station Hemorrhages Viewers Following Mueller Debacle 

Reports are surfacing about a quiet shake-up of personnel at MSNBC after the cable news station lost more than 30% of their audience after the Mueller debacle.

Apparently MNSBC doesn’t think their financial woes are newsworthy given that they didn’t run any breathless stories about their own failings.

News of MSNBC’s collapse can’t come as a surprise to insiders who undoubtedly are fully aware that their audience no longer trusts them.

One source familiar told Mediaite the changes came amidst mounting complaints from NBC News chief Andy Lack about a dip in MSNBC’s ratings following the end of the Mueller investigation. In May, ratings for the network in the advertiser coveted 25-54 demo were down 32% year over year.

MSNBC viewers were asked: How much do you agree that MSNBC regularly reports made up or fake news about Donald Trump and his administration?

The responses were devastating! While 35% or respondents agree that MSNBC pushes Fake News, only 24% disagreed. That’s a ratings death sentence!

What do you expect from a channel that boasts disgraced liar, Brian Williams, and race pimp, Al Sharpton?

Bright Start News@BRIGHTstrt
 

MAJOR SHAKEUP AT MSNBC - Ratings crater after Mueller Report Debacle! 

MSNBC Shakeup: Jonathan Wald and Dan Arnall Take Dayside

MSNBC quietly implemented a sweeping shakeup in programming this week, Mediaite has learned, appointing SVP of programming and development Jonathan Wald and MSNBC executive editor Dan Arnall to lead...

Flashback: MSNBC’s Rachel Maddow’s Ratings Plummet To Yearly Low

MSNBC primetime host Rachel Maddow brought in her worst weekly ratings of the year last week.

Her show last week averaged 2,324,000 viewers, with an average audience of 337,000 in the 25-54 age demographic, both of which mark yearly lows for the liberal television host, according to Nielsen Media Research.

Maddow first saw a dramatic drop in ratings following the conclusion of special counsel Robert Mueller’s investigation. Her previous low for a week in 2019 was the last week in March, the first full week after Mueller submitted his conclusion to Attorney General William Barr, where she averaged 2,458,000 viewers with 392,000 in the demo.

She spent two years dissecting every aspect of the special counsel’s investigation into whether President Donald Trump conspired with the Russians to win the 2016 presidential election. The night Mueller submitted his findings to Barr, Maddow appeared to hold back tears over the fact that neither the president nor any family members were indicted.

Compared to Maddow’s low ratings last week, Fox News’ Sean Hannity, whose program is often the most-watched among all cable news shows, averaged 3,108,000 viewers with just under half-a-million viewers in the key demographic.

She also nearly tripled CNN’s Chris Cuomo’s weekly ratings. His program only had 880,000 viewers with 225,000 in the key demo.

SPECIAL VIDEOS

© 2019   Created by Steve - Ning Creator.   Powered by

Badges  |  Report an Issue  |  Terms of Service