CBO projections consistently underestimate the long-term increase of US federal debt:
In 2001, the CBO forecasted federal debt held by the public would decline by -$2.3 trillion, to $0.9 trillion, by 2011.
Instead, actual federal debt skyrocketed to $10.4 trillion, or +$9.5… pic.twitter.com/sS5UA4rHH8
— The Kobeissi Letter (@KobeissiLetter) May 29, 2025
Scott Bessent confirms DOGE was only able to find $175 billion worth of spending cuts.
The budget cut bill being sent to congress next week is only $9.4 billion. https://t.co/JcjzqQ8ikD pic.twitter.com/JAvvxwn9yD
— Financelot (@FinanceLancelot) May 30, 2025