7 Budget Questions
March 23, 2009
Dear Government,
We, the people, would like the following budget questions answered:
- What impact will increased deficit spending have on the economy/inflation when CBO predicts deficits nearing $1 trillion per year over the next decade?
- The White House predicts 7.9% unemployment in 2010. CBO predicts 9.2% unemployment in 2010. Where are the jobs?
- The Administration raises revenue for increased spending through a series of new taxes, including a “cap and tax,” or light switch tax, that would cost every American household $3,128. What effect will this have on Americans struggling to pay their mortgages?
- CBO predicts a total of $4.4 trillion in budget deficits from 2010-2019 under current law. Under President Obama’s budget, CBO predicts $9.2 trillion in deficits. Why does the President’s budget create a total ten-year deficit that is $4.8 trillion higher than CBO’s current baseline?
- Why is the President’s budget data so skewed? Even with his false data it still doesn’t come anywhere close to balancing the budget.
- CBO predicts that the President’s budget will produce $9.2 trillion worth of red ink over 2010-2019. That’s $2.3 trillion worse than the White House predicted in the budget. Can you explain this discrepancy?
- CBO estimates GDP will fall by 1.5% in 2009 before growing again by 4.1% in 2010 and 2011, partially because of the stimulus bill. How can you make that claim when you openly admit, “It will be quite difficult to assess the impact of ARRA on the economy?”
Comments
Speak your mind
Loading ...