{"id":5210,"date":"2026-08-25T20:41:26","date_gmt":"2026-08-25T20:41:26","guid":{"rendered":"https:\/\/interstatelogisticshubs.com\/?p=5210"},"modified":"2026-08-25T20:41:26","modified_gmt":"2026-08-25T20:41:26","slug":"no-matter-how-hard-americans-work-the-government-spends-more","status":"publish","type":"post","link":"https:\/\/interstatelogisticshubs.com\/?p=5210","title":{"rendered":"No matter how hard Americans work, the government spends more"},"content":{"rendered":"
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No matter how far off CBO projections have been, the media still treat their predictions as gospel. They always tout them as being non-partisan, as if that means unbiased and accurate. What\u2019s astonishing, though, is how often they significantly underestimate the cost of new spending programs and how they always miss the dynamic effects of tax cuts. It might not be a coincidence. CBO employees are part of the deep state, and benefit from big government.<\/p>

Read more Catch-22: Third-worldism (or is it Islam?) is a \u2018mental illness\u2019<\/a><\/p>\n

This article, for example, touts a report from 2001 that says CBO projected the debt would be paid off by 2009: \u00a0<\/p>\n

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In 2001, the federal government had been running an annual surplus for four years and the Congressional Budget Office the national debt would effectively be zero by 2009.<\/p>\n

That \u2014 suffice to say \u2014 did not happen. The national debt instead grew, reaching $10 trillion in 2008 and then quadrupling over the next 18 years to this week\u2019s gloomy milestone of over $40 trillion in total debt.<\/p>\n<\/blockquote>\n

That sounds very erudite and accurate, yet this article admits that CBO\u2019s projection was off by $10 trillion just eight years later. Why would a journalist trust what they say?<\/p>\n

The article continues:<\/p>\n

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Three types of decisions were often made with bipartisan support and drove the debt to such high levels in just a few years, the CRFB detailed in 2024.<\/p>\n

The analysis was conducted before Trump’s One Big Beautiful Bill Act \u2014 which is projected to add more than $4 trillion to the national debt on its own \u2014 yet still found that major tax cuts enacted under George W. Bush and in Trump’s first term are responsible for 37% of the current debt.\u00a0<\/p>\n<\/blockquote>\n

The article is terribly wrong, though. It says that only 33% of the debt is caused by spending, and Trump\u2019s and Bush\u2019s tax cuts caused 37% of the debt. Anyone who looks at revenues before and after the tax cuts would see what a lie that is.<\/p>\n

Here is a discussion I had on the subject with Gemini, one of the two largest AI sources, with one billion users:\u00a0<\/p>\n

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What was the population of the U.S in 2003 and 2025?<\/p>\n

290.1 million 2003<\/p>\n

341.8 million 2025<\/p>\n<\/blockquote>\n

That\u2019s a 17% increase.<\/p>\n

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What was total U.S inflation from 2017 to 2025?<\/p>\n

31.44%<\/p>\n

What was total inflation in the United States from 2003 to 2025?<\/p>\n

75.10%.<\/p>\n

What was individual Federal Income tax revenue in FY 2003, FY 2017, and FY 2025?<\/p>\n

$794 billion in FY 2003, $1.587 trillion in FY 2017, and approximately $2.66 trillion in FY 2025.<\/p>\n<\/blockquote>\n

That is up 235% in 22 years or over three times total inflation, following Bush\u2019s tax rate cuts in 2003 and Trump\u2019s rate cuts in 2017.<\/p>\n

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What was Federal Corporate Income tax revenue in FY 2003, FY 2017, and FY 2025?<\/p>\n

$132 billion in FY 2003, $297 billion in FY 2017, and approximately $452 billion in FY 2025.<\/p>\n<\/blockquote>\n

That\u2019s up 242%, which is three times inflation.<\/p>\n

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What was total spending by U.S government in 2003, 2017, and 2025?<\/p>\n

2.16 trillion, 2003<\/p>\n

3.98 trillion 2017<\/p>\n

7.01 trillion 2025<\/p>\n<\/blockquote>\n

Spending increased 224% in 22 years, or three times the inflation rate.<\/p>\n

If 2003 spending were adjusted for 17% population growth and further adjusted for 75% inflation, spending in 2025 would have been 4.42 trillion, not 7.01 trillion. The budget would be in surplus with Bush\u2019s and Trump\u2019s tax rate cuts in effect. Out-of-control spending is the entire problem.<\/p>\n

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Did Trump\u2019s 2017 tax rate cuts add to the federal debt and deficit?<\/p>\n

Yes, nonpartisan evaluations from the Congressional Budget Office and fiscal watchdog groups show that the 2017 Tax Cuts and Jobs Act (TCJA) significantly reduced federal revenue and added trillions of dollars to the national deficit and debt<\/p>\n