Kudlow claims rising deficit is coming down

Feb 2007
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The deficit is falling! It is! It has to be, because otherwise it would mean that, well, the tax cuts as rocket fuel for the economy would be a failure, and that this president has the speeding addiction of every previous administration, and that the GOP no longer gives a shit about spending.

Or something like that.

Indeed, despite what Kudlow, seldom right but never in doubt, may say the deficit appears to be rising.

http://thehill.com/policy/finance/394802-kudlow-claims-rising-deficit-is-coming-down

President Trump's top economic advisor Larry Kudlow on Friday said the federal deficit is falling, even though the latest data shows it is expanding since the tax-cut law went into effect.


“As the economy gears up, more people working, better jobs and careers, those revenues come rolling in and the deficit, which was one of the other criticisms, is coming down,” Kudlow said in an interview with Fox Business. “And it's coming down rapidly. Growth solves a lot of problems.”


In a report released earlier this month, the non-partisan Congressional Budget Office said the federal deficit had expended by $97 billion this year compared to last year.
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RNG

Former Staff
Jan 2015
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That statement of Kudlow's is getting much ridicule on twitter, from people who know.
 
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Jan 2016
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About time the deficit came down.

I'm tired of Obamas record setting deficits...
BOTH deficits are SOARING. The budget deficit AND the trade deficit. Just as I told you they would. Shrug. The trade deficit will likely top a trillion dollars next year, for the first time in our history. The trade deficit that Mr. Trump promised to FIX. To ELIMINATE. Oh, and he promised to eliminate the budget deficit, too. Actually, he promised to eliminate the national DEBT. That was downright FUNNY, right thar!
 
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Jan 2016
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Just what do you think that shows, Robert? THIS is what the CBO is actually SAYING these days:

The tax cuts championed by President Trump are helping push the nation toward an unprecedented level of debt, heightening the risk of another financial crisis, according to the nonpartisan Congressional Budget Office.

The budget office’s annual look at the government’s long-term financial outlook paints a grim picture, projecting soaring deficits in the coming years, with debt ultimately peaking at more than 152% of the nation’s gross domestic product.

“The prospect of large and growing debt poses substantial risks for the nation and presents policy makers with significant challenges,” Keith Hall, director of the budget office, said in a statement.
 
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Jul 2011
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Just what do you think that shows, Robert? THIS is what the CBO is actually SAYING these days:

The tax cuts championed by President Trump are helping push the nation toward an unprecedented level of debt, heightening the risk of another financial crisis, according to the nonpartisan Congressional Budget Office.

The budget office’s annual look at the government’s long-term financial outlook paints a grim picture, projecting soaring deficits in the coming years, with debt ultimately peaking at more than 152% of the nation’s gross domestic product.

“The prospect of large and growing debt poses substantial risks for the nation and presents policy makers with significant challenges,” Keith Hall, director of the budget office, said in a statement.
It shows the actual numbers.