What Are A Dozen CBO Projections for 2016-2026?

Federal Spending Under Obama's 2016 Budget Show Ever Increasing/Unsustainable Annual Deficits

Federal Spending Under Obama’s 2016 Budget Show Ever Increasing/Unsustainable Annual Deficits

The following excerpts from the non-partisan Congressional Budget Office (CBO) analysis of the Federal Budget show a dozen projections looming over America’s economic future.

The quotes are taken from: CBO’s 19 Jan 2016 “Summary of The Budget and Economic Outlook: 2016 to 2026”

 

  • CBO expects federal revenues to rise by 4 percent in 2016 to $3.4 trillion, or 18.3 percent of GDP.
    • Individual income taxes are projected to rise by 5 percent
  • Beyond the 10-year period, if current laws remained in place, the pressures that had contributed to rising deficits would accelerate and push debt up even more sharply.
    • Such high and rising debt would have serious negative consequences for the budget and the nation:
      • The likelihood of a fiscal crisis in the United States would increase.
      • Federal spending on interest payments would rise substantially.
      • Interest rates rise from their currently low levels.
  • Mandatory outlays will be $168 billion higher in 2016 than they were last year.
    • Major health care programs accounts for more than 60 percent of the projected growth…
  • In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009
    • The 2016 deficit will be $544 billion, $105 billion more than the deficit recorded last year and is $130 billion higher than the one that the agency (CBO) projected in August 2015.
  • The economy will expand solidly this year and next.
    • Also push up inflation and interest rates.
  • Federal outlays are projected to rise by 6 percent this year to $3.9 trillion, or 21.2 percent of GDP. The result of
    • A nearly 7 percent rise in mandatory spending
    • 3 percent increase in discretionary outlays
    • 14 percent jump in net interest spending (factors: Interest rates are beginning to rise, and federal debt is growing.)
  • Discretionary outlays for national defense in their first increase in five years will edge up slightly this year
  • The budget deficit increases modestly through 2018 but then rises more sharply, reaching $1.4 trillion in 2026.NOTE: This is equal to President Obamas worst annual deficit in 2009. He and the Congress put America back on a path that can’t be sustained.
    • The projected cumulative deficit between 2017 and 2026 is $9.4 trillion.
  • Growth in outlays would outstrip growth in the economy, and outlays would rise to 23 percent of GDP by 2026.
    • payments, offset somewhat by a decline (in relation to the size of the economy) in discretionary spending. NOTE: The things that the Federal Government is supposed to do per the Constitution become second tier and are crushed by Mandatory Spending. “A Government That Tries To Do Everything, Will Do Everything…POORLY!”
    • Almost half of the projected $2.5 trillion increase in total outlays from 2016 to 2026 is for Social Security and Medicare.
  • CBO now projects a cumulative deficit that is $1.5 trillion larger than the $7.0 trillion that the agency projected in August 2015. NOTE: In one year the deficit picture worsened by $1.5 Trillion.
  • The fiscal policies embodied in CBOs baseline would dampen GDP growth in 2017 and 2018. In addition, some aspects of fiscal policy under current law, particularly the Affordable Care Act and real bracket creep, are projected to dampen the supply of labor and therefore the growth of output through 2020. NOTE: As stated by Obama care opponents, the ACA is unaffordable, and driving up health care costs.
  • Potential GDP will expand at an annual average rate of 2.0 percent, a significant slowdown from the average growth of potential output that was observed during the 1980s, 1990s, and early 2000s. NOTE: Marxist/Progressive/Socialist policies of massive government spending don’t work, except to impoverish the nation.

Update:

Why Did The DNC Chair Attack SC Governor Nikki Haley?

DNC Chair Debbie Wasserman Schultz attacked Governor Nikki Haley during a conference call ahead of President Obamas SOTU Address. According to Debbie Wasserman Schultz Haley was only chosen to deliver the GOP Response because the GOP has a diversity problem and Haley is an Indian American woman. Whether you agree with the content of the Governors response or not, Wasserman Schultz was clearly alone in her charges, as most of the Minion Media praised her attacks on Donald Trump and GOP Presidential Contenders, so why did she do it? What was the rational behind making such a disgusting charge, and why did the liberal media praise Governor Haley?

The answers lie in the Democrat machines adoption of and adherence to the radical teachings of Saul Alinsky. Alinsky teaches that it’s essential to fight as dirty as possible

in a fight almost anything goes. It almost reaches the point where you stop to apologize if a chance blow lands above the belt.”

Alinsky also describes his 13 rules of power politics. Number 13:

Pick the target, freeze it, personalize it, and polarize it.” In the case of Debbie Wasserman Schultz and her assault on Governor Haley, the DNC chair was merely following Alinskys direction. In this case the enemy that Wasserman Schultz was attacking is the GOP. She can in no way allow or say anything positive about the Republican Party or she would be in violation of Alinsky’s tactics. So why did the minion media instead praise Governor Haley if they follow the same Alinskian tactics?

The answer is that they were following the teachings of Saul Alinsky, but they were focused upon a different Target. The Minion Media was focused on the GOPs Presidential Contenders; in particular Donald Trump and Ted Cruz. The tactics were the same but the targets were different. Praising Governor Haley allowed a news cycle focused on attacking the Candidates.

The important lesson here is that the Democrat party is wedded to the destructive teachings of Saul Alinsky and his radical extremist views on America. Whether it’s Barack Obama, Hillary Clinton, Debbie Wasserman Schultz or any other Democrat politician the adherence to Alinsky is the same, whether they are formally steeped in it like Obama and Hillary, or just follow along with the progressive crowd. In order to unite this country under a common love of freedom and future of prosperity the Democrat Party and its politicians must be defeated. Nothing short of eliminating their destructive grip on our nation will allow the healing and successful future of America.

The Communist Manifesto – Top 10 Most Notorious Elements

Karl Marx - German Philosopher and Father of Marxism

Karl Marx – German Philosopher and Father of Marxism

This primer summarizes the key points in Karl Marx (18 May 1818 – 14 March 1883) and Friedrich Engels’ (28 November 1820 – 5 August 1895) infamous 1848 work, and the resulting political movement that slaughtered 100 million, and as many as 200 million, people across the planet. It is also the ideological predecessor of the teachings of Saul Alinsky, the father of America’s radical progressive movement.

Despite the fall of the Soviet Union, Communism, Marxism and Socialism are alive and growing internationally, including growing in strength within the United States. Before looking into the Communist Manifesto, it’s critical to show what Marx wanted.

His goal was to radically change the world. His perverse vision is exposed in this passage from W. Cleon Skousen’s analysis: “The Naked Communist: Exposing Communism and Restoring Freedom”

It is a terrible and awesome thing when a man sets out to create all other men in his own image. Such became the goal and all-consuming ambition of Karl Marx. Not that he would have made each man equal to himself; in fact, it was quite the contrary. The image he hoped to construct was a great human colossus with Karl Marx as the brain and builder and all other men serving him as the ears and eyes, feet and hands, mouth and gullet. In other words, Marx surveyed the world and dreamed of the day when the whole body of humanity could be forced into a gigantic social image which conformed completely to Marx’s dream of a perfect society.

To achieve his goal, Marx required two things: First, the total annihilation of all opposition, the downfall of all existing governments, all economies and all societies. Then, he wrote, I shall stride through the wreckage a creator! The second thing he needed was a new kind of human being.

He visualized a regimented breed of Pavlovian men whose minds could be triggered into immediate action by signals from their masters. He wanted a race of men who would no longer depend upon free will, ethics, morals or conscience for guidance. Perhaps, without quite realizing it, Marx was setting out to create a race of human beings conditioned to think like criminals.”

Now that we know see Marx’s strategic goal, let’s visit his Manifesto.

1. The Communist Manifesto was written by Communists of “various nationalities” with the intent of:

  1. “Openly, in the face of the whole world, publish their views, aims, …tendencies”
  2. “In short, the Communists everywhere support revolutionary movement against the existing social and political order of things.”
  3. “They openly declare that their ends can be attained only by the forcible overthrow of all existing social conditions”

2. “General Intent Across All Countries”

  1. Abolition of property in land and application of all rents of land to public purposes.
  2. *A heavy and progressive or graduated income tax.
  3. Abolition of all right of inheritance. (Death Tax in the U.S.)
  4. Confiscation of the property of all emigrants and rebels.
  5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly. (Nearly all student loans are now owned by the Federal Government).
  6. Centralization of the means of communication and transport in the hands of the State.
  7. Extension of factories and instruments of production owned by the State.
  8. Equal liability of all to labor. Establishment of industrial armies, especially for agriculture.
  9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equitable distribution of the population over the country. (President Obama’s efforts to distribute populations across the U.S. through immigration and HUD policies)
  10. *Free education for all children in public schools. Destroy home education by socializing education.

*Fully instituted within the U.S.

3. Communist Foundational Premise:

World History is the history of class struggles, oppressors vs oppressed, in constant opposition to one another. The oppressors hoarded civilizations wealth, while the oppressed toiled under the oppressors for meager cash payment.

  • Named modern oppressors the “Bourgeois”.
  • Named modern oppressed the “Proletariat”.

4. The Bourgeois is responsible for all of humanity’s ills, including:

  1. Stripping every occupation (including professionals) into paid wage laborers, reducing them to slaves.
  2. Craftsmen were reduced to unskilled machine operators.
  3. Reduction of the family relation to a mere money relation.
  4. “Compels all nations to adopt the Bourgeois mode of production…” creating a world after “…its own image”.
  5. Massive global productive expansion that created an “…epidemis of over-production”.
  6. The strength advantage of male laborers over women was eliminated by modern industrial machinery.

“…not only has the Bourgeois forged the weapons that bring death to itself; it has also called into existence the men who are to wield those weapons-the modern working class-the proletarians.”

5. Every class struggle is a political struggle.

The struggle between Bourgeois and Proletariat grows from localized struggles, into trade unions with national struggles, and eventually global revolution, where the Proletariat inevitably overthrows the Bourgeois.

“The Communists do not form a separate party opposed to other working-class parties”.

Communists ally themselves with numerous parties who oppose the bourgeoisies in “…whatever country they are in”.

6. Communists believe themselves above the working-class parties of every country:

They are the “…most-advanced and resolute understand the line of march the conditions and results of the proletarian movement”.

7. The Stated Theory of Communism: “The abolition of private property.”

Capital is a collective product only by the united action of all members of society, can it be set in motion. Bares eerie resemblance to President Obama’s comment “If you’ve got a business, you didn’t build that. Somebody else made that happen.”

“Capital is a social power and should be converted into common property.”

“The average price of wage-labour is the minimum wage”. Described as requisite in bare existence as a laborer.

Freedom under bourgeois means “…free trade, free selling and buying”. Communists intend to do away with buying and selling, and property. Disagrees with the argument that once private property is abolished, that all work will cease, and universal laziness will take hold.

8. Communists intend to abolish the family, believing bourgeois poisoned the family’s foundation. Disgusted with the “…hallowed co-relation of parent and child.” Does Hillary Clinton’s book, It Takes a Village, have it’s root philosophy in this Marxist concept?

Look at marriage with disdain, as it is also corrupted by the bourgeois. Want to create an openly legalized community of women.

9. Intend to abolish countries and nationality. Is this what Obama is doing by subverting U.S. sovereignty to international actors? Is the leftist UN global government intent a manifestation of this?

10. Communism abolishes eternal truths, all religion, all morality.

The proletariat will use its political supremacy to wrest all capital from the bourgeoisie, to centralize all instruments of production in the hands of the State; i.e. of the proletariat organized as the “ruling class”.

Noted Author Trevor Loudon’s discussion of communist Influence, and the devious means used to expand it.

Abolition of all morality looks like Saul Alinsky’s 11 Rules of Ethics of Means and Ends

Examples of Communist Influence In US:

Examples of Democrat Party Leaders Unable to Differentiate Socialist From Democrats: