Beet
Atlas Star
Posts: 28,998
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« on: March 06, 2010, 01:54:01 PM » |
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Keep in mind, the CBO's record in predicting future budget numbers has been atrocious. In 1995 they were predicting deficits as far as the eye could see. In 2001 they were predicting surpluses as far as the eye could see. In a February 2006 report to Congress, the CBO stated, "the budget deficit totals $270 billion (2.0 percent of GDP) in 2007 and continues to fall thereafter, essentially reaching balance in 2012..."
That said, by far the most feasible first steps would be to allow the Bush tax cuts to expire, followed by a withdrawal of troops from Iraq and then Afghanistan.
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