No, I don’t.
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Yes you do.
No, I don’t. Did you seriously just try to use GDP?
Thanks.
Why not? Financial situation is what most people are talking about when they say they are doing fine. Why shouldn’t the same apply to “the country is doing just fine”?
There’s nothing for us to discuss. Have a nice evening.
Walks away again without my lunch money. 
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How would you define “right”?
How would you like to define it?
Did the projection correctly identify the direction of movement and did the model estimate land within a couple standard deviations might be a ballpark.
For the most part they have always been left.
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The CBO never figures anything for economic growth into their estimates.
Tax cuts almost always result in growth and an increase in tax revenue.
This was dynamically scored.
You tell me. You seem to be the expert.
Oh yeah remember how CBO claimed Biden Inflation Reduction Act and green new energy act was going to save billions. 58 billion if my memory serves me correct.
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Well let’s see.
On Jan 17 of this year CBO released a report that includes
“legislation enacted through January 6, 2025.” (LINK 1 below)
Basically it is their “pre-Trump baseline.”
It project the following outlays by fiscal year:
2024 ____ $6,826b
2025 ____ $7,028b_____Increase: $202b (less than 3%)
2026 ____ $7,294b_____Increase: $266b (~3.8%)
2035 ____ $10,730b_____Increase $3,436b (CAGR 3.92%)
Let’s start with that.
In your opinion is it likely that spending would grow at only 3% in 2025 under any likely scenario?
LINK 1:
My opinion doesn’t matter. Was … will … the CBO be right or not?
Actually that was for @7426k 's benefit.
As to your quesiton, right about what?
In Jan 2025, before Donald Trump took. office they made the following projections/assumptions:
In CBO’s projections, economic growth cools from an estimated
- 2.3 percent in calendar year 2024 to
- 1.9 percent in 2025 and
- 1.8 percent in 2026 . . .
Inflation as measured by the price index for personal consumption > expenditures (PCE) falls from an estimated
- 2.5 percent in 2024 to . …
- 2 percent in 2027 and stabilizes thereafter . . .
Interest Rates
- (T)he federal funds rate . . . reductions continue through the end of 2026.
- Longer-term interest rates, such as the rate
on 10-year Treasury notes, decline through the end of 2026 and then remain roughly flat.
.
.
.
You tell me. Were those projections right or wrong?
Thats actually a really good idea. We see this all the time not just from the CBO but a plethora of organizations all predicting the outcomes of bills but never read up of how accurate they are.
