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| Economy |
| The CBO Just Dropped a $4 Trillion Truth Bomb on the Dems’ Anti-Trump Tariffs Rhetoric |
| 2025-08-25 |
| [PJMedia] Ever since Trump’s first term, the political and media establishment told us that his trade policies were reckless, destructive, and doomed to wreck the U.S. economy. Every so-called expert on cable TV preached that they would crush American consumers, tank the stock market, and send our economy into a spiral. We’re still waiting for that to happen. Here we are in Aug. 2025, and the Congressional Budget Office just dropped a bombshell that completely shatters the left’s narrative against Trump’s tariff strategy. As of August 19, we estimate that the effective tariff rate for goods imported into the United States has increased by about 18 percentage points when measured against 2024 trade flows. We project that increases in tariffs implemented during the period from January 6, 2025, to August 19 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period. By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether. That’s no rounding error. The numbers are simply eye-popping, and they tell the story that the media doesn’t want you to know. Let’s put that in perspective. Back in June, the CBO had already stunned critics by predicting Trump’s tariffs would shrink the deficit by $3 trillion. That was based only on trade actions taken through May 13. Of course, the CBO is cautious to note its projections assume these trade policies remain in place indefinitely. It also didn’t factor in several adjustments announced just this past week: new EU tariff arrangements on August 21, a 25% tariff hike on imports from India starting Aug. 27, and the suspension of duty-free shipments under $800 coming Aug. 29. In other words, the real revenue picture could easily turn out even stronger than the current forecast. Here’s the bigger point no one in the mainstream press will admit: tariffs, when wielded strategically, can be a double win. They level the playing field for American producers, whom foreign governments have undercut for decades by gaming the system, and they generate revenue that actually reduces the insane borrowing spree Washington politicians tried to normalize. |
| Posted by:trailing wife |
| #4 I mean stupidity, malice or both? |
| Posted by: Abu Uluque 2025-08-25 13:48 |
| #3 It’s almost like DC folks know less about money than Trump. Or maybe they knew what they were doing and they did it on purpose. |
| Posted by: Abu Uluque 2025-08-25 13:48 |
| #2 As Trump disrupts the Lefts continued attempts of an illegal power grab, and DOGE shuts down the Left's collection backdoor funding operations. The Liberals, Socialists, Democrats and the Globalist Elites have now gotten to the point of openly threatening and calling for Trump's & MAGA demise. So far, there have been 4 officially confirmed assassination attempts on Trump’s life. But the number is likely closer to 10+, according to unnamed official sources. Either way, it is clear the LEFT appears to be trying to incite or fund more. (BTW: Still no official word on how the 20 y/o, July 13th PA shooter acquired over $100K in off source accounts) Like many, I pray Trump is kept safe and is able to finish his MAGA goals during his term in office. |
| Posted by: NN2N1 2025-08-25 06:49 |
| #1 It’s almost like DC folks know less about money than Trump. |
| Posted by: Super Hose 2025-08-25 06:35 |