Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: Ryan: Trillion-dollar deficits were inevitable [View all]Igel
(35,383 posts)42. The CBO budget projection from late last spring
said 2022 would be the year we hit trillion-dollar deficits. That was before the tax cut from December was factored in. Before, in fact, nearly any Trump-mandated spending. Nobody noticed because it might say something unpleasant.
Such deficits aren't inevitable; they were inevitable, given the factors that held about a year ago. If there's a balanced budget amendment with teeth, then all kinds of things (but not OASDI and some Medicare parts with dedicated funding) would be cut really bad.
Edit history
Please sign in to view edit histories.
46 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
There is nothing stopping them from repealing the tax cuts for the wealthy law
BumRushDaShow
Apr 2018
#2
Not positive, but pretty sure the millennial are the largest generation now , bigger than the
notdarkyet
Apr 2018
#34
How dare the Baby Boomers live long enough to collect their Social Security!
Marie Marie
Apr 2018
#8
That's a creative spin. Gotta hand it to him. He's got an answer for everything.
Honeycombe8
Apr 2018
#11
Sooner or later someone is going to have to address the 800 lb. Gorilla in the room.
SergeStorms
Apr 2018
#16
If I had a dollar for every time I heard Ryan described as a "Policy Wonk' or "Budget Guru",
Midnight Writer
Apr 2018
#21
If trillion-dollar-deficits are unavoidable, how would a balanced-budget agreement avoid them?
DetlefK
Apr 2018
#31