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Manqueman's avatar

Caveat: the honesty of CBO reporting fluctuates based on appointments, etc. The current regime has already proven itself to be not very good. That is to say, overly partisan. So presuming no GDP growth this year is, well, I don’t have the words for such complete willful BS.

The problem, in turn, is exacerbated by establishment media that don’t care about proper framing or honesty. So we get a day or two of hysteria over the $31t number which does us absolutely no good. To the contrary: it benefits the pro-austerity crowd for whom austerity is the answer to everything.

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Michael Bostic's avatar

The CBO is a joke in my opinion but I guess there are some people that are still slaves to whatever they say about the economy in their report. However, Warren Mosler was right about rate hikes in which so many economists have it backwards. It's funny that they don't realize that those rate hikes for which the federal government is paying interest income into the hands of those who are better off financially.

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