Question on the CBO scoring of new debt added to the budget proposal

[RoadTrip]

I haven't had enough time to research the subject but what is the debate and truth about the proposed 2 trillion in additional debt attached to the BBB? Is it truly new additional debt or is the CBO and MSM lying once again? The last thing we? need is more debt and I'm not sure it's a good argument to claim we? can grow our way out of debt so I'd have to agree with Elon, to a degree, that any budget proposal that doesn't include significant cuts in spending is a budget betraying our? future.

 

[UW_Doog_Bot]

Short answer is yes.

It's a smaller amount of debt growth than we had before.
Cbo scoring also doesn't include tariff revenue or foreign investment growth etc.
Austerity alone won't get it done.

 

[WestlinnDuck]

One of the big items on the CBO scoring of the Big Bill is the fallacy that the expiration of the 10 year Trump tax cuts which expire at the end of this year would decrease revenue. So yes, if you think a huge tax increase will bring in a ton of money in the next 10 years with no impact on the private sector business and the American middle class. From a revenue standpoint extending the tax cuts would at best cause no decrease in revenue and at worse would tank the economy. Bye bye $2500 child care credit for the middle class with kids. Two kids, huge tax increase. The dems are calling it a billionaire tax cut. A tax rate cut they got in Trump's first term with a small 3% rate drop.