Sooooo?
The guy who wants $5 billion from taxpayer money?
Just hit the taxpayers for $3 billion?
The so called ‘King of debt’ is at it again….
Tax cut/Give away to the rich and corperations
Oversized Budget…..
(Their IS a warning on GDP already from Mulvaney [OMB and Trump Chief of Staff] for this quarter and the last )
Now this?
The five-week partial government shutdown cost the U.S. economy about $3 billion in forgone economic activity that won’t be recovered, the Congressional Budget Office said in a new report Monday.
The agency projected that an overall $11 billion in losses due to the shutdown over President Donald Trump’s border wall will be offset by a projected $8 billion boost for the GDP through the remainder of the year.
“Underlying those effects on the overall economy are much more significant effects on individual businesses and workers,” the agency says. “Among those who experienced the largest and most direct negative effects are federal workers who faced delayed compensation and private-sector entities that lost business. Some of those private-sector entities will never recoup that lost income.”
The shutdown, which ended on Friday, reduced GDP in the fourth quarter of 2018 by $3 billion, in addition to $8 billion in the first quarter of 2019.
The shutdown also delayed about $18 billion in federal discretionary spending by sidelining salaries and suspending federal services.
The agency cautioned that the shutdown’s estimate effect on the economy is “subject to considerable uncertainty.”….
….
The new projections delay the return of $1 trillion deficits. In April, CBO projected a $1 trillion deficit in fiscal 2020, which begins Oct. 1. In the updated estimate, trillion-dollar deficits do not reappear until 2022, when the deficit is projected to be $1.13 trillion.
Over the fiscal 2019 to 2028 period, the cumulative deficit is estimated to be $11.2 trillion, about $1.2 trillion smaller than the earlier projected $12.4 trillion.
The CBO said in the report that the “substantial reduction over the 10-year period is almost entirely because appropriations for 2019 that are designated as emergency requirements total $2 billion so far — a sharp reduction from the $108 billion that was appropriated in 2018, mostly for relief and recovery efforts related to the hurricanes and wildfires that occurred in 2017.”….
Information on the CBO