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Forums - Politics - Congressional Budget Office: Deficit problem solved for the next 10 years

MTZehvor on 20 May 2013

Well...it's moving in the right direction, although I'd hardly call it "solved."

Though this is a best case scenario we're using here. This is assuming that there are no new wars started, or new government spending programs, or another recession that would then prompt more fiscal policy.

I have difficulty calling any problem solved when all that's happened is the rate at which said problem's becoming worse is slowly decreasing, especially when that problem already happens to be $16 trillion big at the time.



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mrstickball on 21 May 2013

Given how horrendous our debt is, I don't see moving the bar a few percentage points fixes anything. Its a hollow "Victory" by idiots that forget that we are above 100% debt-to-GDP ratio, and still quickly careening off a cliff.

Its like driving toward that cliff at 100 KMH, and slowing down to 95, saying that we've averted the disaster. Yeah right. We're still spending horrific amounts of money we don't have.



Back from the dead, I'm afraid.

Viper1 on 22 May 2013

My definition of solved and their definition of solved come from different books.

A reduction in the rate of increase is all this is.

It's like initially driving 100 mph in a 45 mph speed zone and then claiming you've solved your speeding problem by slowing down to 80 mph.



The rEVOLution is not being televised