James Doogue

The leader of the free world showing he doesn't need cue cards while announcing the exciting news that he was able to balance the budget by spending even more than total revenues. Not sure how that works myself.

He's clearly a genius. Just imagine how good things would be if the smartest man he knows, (Hunter), was running the show.

But for the record:

In CBO’s projections, federal outlays total $6.2 trillion, or 23.7 percent of GDP, in 2023. They remain below 24.0 percent through 2028 and grow each year thereafter, totaling 24.9 percent of GDP in 2033. Outlays have reached or exceeded that level only twice since 1946: in 2020 and 2021, years in which spending was increased in response to the coronavirus pandemic. In 2023, revenues total $4.8 trillion, or 18.3 percent of GDP—well above their long-run average. They then fall as a percentage of GDP over the next two years but rise again in 2026 and 2027 before stabilizing.
https://www.cbo.gov/publication/58946#:~:text=In%20CBO's%20projections%2C%20federal%20outlays,percent%20of%20GDP%20in%202033.

AMERICA IS BACK on the world stage, and Joe Biden is showing the world what a real President looks like!
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Posted by: Timothy Birdnow at 10:27 AM | No Comments | Add Comment
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