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The CBO Just Destroyed The Case For
Biden’s $1.9 Trillion COVID ‘Relief’

Original Article

Posted By: PageTurner, 2/17/2021 6:09:04 AM

The non-partisan Congressional Budget Office released its economic forecast for the next decade. It got little press attention, probably because it completely undermines the arguments for another massive COVID-19 stimulus bill. President Joe Biden and Democrats in Congress continue to portray the economy as deep in a recession. In Wisconsin on Wednesday, for example, Biden said that “Now is the time we should be spending. Now is the time to go big.” But according to the CBO’s economic forecast, real GDP this year will climb by 4.6%. Assuming that holds true, it would be the biggest annual increase in gross

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Reply 1 - Posted by: Attila DiMedici 2/17/2021 6:53:15 AM (No. 698753)
Well, actually that is the reason for the spending. If they don't spend it, the economy will recover just fine. Therefore they need to spend it to demonstrate that we need the government by keeping the economy from recovering.
4 people like this.

Reply 2 - Posted by: jacksin5 2/17/2021 8:12:04 AM (No. 698815)
Just think "Blue States" and "Unfunded Liabilities" and the spending plan all makes sense.
1 person likes this.

Reply 3 - Posted by: hoosierblue 2/17/2021 8:21:57 AM (No. 698840)
If they reversed all of Bidens executive orders, dropped the covid restrictions and opened up the country they would have the economy booming by the time any stimulus checks could be put out.
0 people like this.

Reply 4 - Posted by: Strike3 2/17/2021 8:28:40 AM (No. 698854)
My stock market-driven IRA tells me that we are doing more than OK. Imagine how good things could get if we just opened the country up but then Joe would lose what little power he holds. Too bad his campaign promises are falling like bowling pins but then democrats are used to lies and disappointment.
1 person likes this.

Reply 5 - Posted by: ROLFNader 2/17/2021 8:43:13 AM (No. 698869)
The CBO, like the CBD, is not the real thing. Have they EVER been right?
1 person likes this.

Reply 6 - Posted by: Krause 2/17/2021 8:48:15 AM (No. 698879)
So who is telling Old Joe that now is the time for the government to spend big?
0 people like this.

Reply 7 - Posted by: Harlowe 2/17/2021 10:27:33 AM (No. 699006)
The Pamlico County, North Carolina GOP put together an interesting compilation of the 2020 Democrat stimulus bill from the 116th Congress (HR 748) indicating that the American population was 330,483,530 and the Democrat stimulus bill was for $2 Trillion; dividing that cost by every American came to $6,05174; the government could have given everyone over $6,000 but gave $1,200 to each adult under a certain income. The compilation shows the allocation of the remaining 96% of American tax dollars that included $300,000,000 to Public Broadcasting/NPR and $720,000,000 to Social Security Administration with $200,000,000 to help people, but the remainder for administration costs. The link: https://pamlico.nc.gop/democrat_s_bill_hr_748
1 person likes this.

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