RandomGuy
03-19-2018, 12:51 PM
unfortunately, one of HIS businesses, and the Republicans have gone right along with it, pretty much throwing fiscal conservatism right out the window.
Ryan looks like he is deliberately blowing up the system to get the massive entitlement destruction he has been fapping to since college.
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Budget Deal Would Assure Permanent Trillion-Dollar Deficits
Lawmakers reportedly have agreed to a budget deal that could increase deficits by $300 billion to $400 billion over a decade and set the stage for adding $1.7 trillion to deficits over the next ten years if parts of the deal are made permanent. The deal would significantly increase caps on discretionary spending by $296 billion over the next two years, provide over $80 billion in disaster relief, increase spending on health care in multiple ways, and retroactively extend tax breaks that expired at the end of 2016, among other policies. The deal apparently includes roughly $100 billion of offsets, though many may be budget gimmicks or one-time savings like selling oil from the Strategic Petroleum Reserve.
While we don't have all the details or an official score, it is clear the deal would significantly worsen our nation's fiscal outlook – particularly if extended.
Based on what we know, the budget deal would increase next year's deficits to roughly $1.2 trillion. Annual deficits would remain over $1 trillion indefinitely.
It is highly unlikely lawmakers would allow a sharp $125 billion cut to discretionary funding to go into effect in 2020 when the deal expires. If the temporary policies in the deal were made permanent, deficits would rise to $1.7 trillion by 2027. If the recently-enacted tax bill and delays of Affordable Care Act taxes were also made permanent, the 2027 deficit would increase further to $2.1 trillion.
http://www.crfb.org/sites/default/files/budget%20deal%20trillion%20dollar%20deficits_4.jpg
http://www.crfb.org/blogs/budget-deal-would-assure-permanent-trillion-dollar-deficits
Ryan looks like he is deliberately blowing up the system to get the massive entitlement destruction he has been fapping to since college.
----------------------------------------------
Budget Deal Would Assure Permanent Trillion-Dollar Deficits
Lawmakers reportedly have agreed to a budget deal that could increase deficits by $300 billion to $400 billion over a decade and set the stage for adding $1.7 trillion to deficits over the next ten years if parts of the deal are made permanent. The deal would significantly increase caps on discretionary spending by $296 billion over the next two years, provide over $80 billion in disaster relief, increase spending on health care in multiple ways, and retroactively extend tax breaks that expired at the end of 2016, among other policies. The deal apparently includes roughly $100 billion of offsets, though many may be budget gimmicks or one-time savings like selling oil from the Strategic Petroleum Reserve.
While we don't have all the details or an official score, it is clear the deal would significantly worsen our nation's fiscal outlook – particularly if extended.
Based on what we know, the budget deal would increase next year's deficits to roughly $1.2 trillion. Annual deficits would remain over $1 trillion indefinitely.
It is highly unlikely lawmakers would allow a sharp $125 billion cut to discretionary funding to go into effect in 2020 when the deal expires. If the temporary policies in the deal were made permanent, deficits would rise to $1.7 trillion by 2027. If the recently-enacted tax bill and delays of Affordable Care Act taxes were also made permanent, the 2027 deficit would increase further to $2.1 trillion.
http://www.crfb.org/sites/default/files/budget%20deal%20trillion%20dollar%20deficits_4.jpg
http://www.crfb.org/blogs/budget-deal-would-assure-permanent-trillion-dollar-deficits