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Title: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 11:22:36:AM Different parts of the administration contradict each other on economic policy
Mr Mulvaney wants immediate deep cuts across government that are unpalatable even to many Republicans. The fleshed-out version of the budget, released on May 23rd, features a new promise: to eliminate the budget deficit within ten years. To get the budget to balance, Mr Mulvaney also assumes the economy will grow by 3%, a target that will be difficult to reach in the demographic headwinds. Fast growth fills the government’s coffers by about $2trn over a decade. The problem is that Steve Mnuchin, the treasury secretary, has already banked that $2trn to pay for the tax cuts that are supposed to spark the 3% growth in the first place. Another contradiction is that the budget predicts growing revenue from the estate (inheritance) tax, which it promises to abolish. https://www.economist.com/news/united-states/21722638-different-parts-administration-contradict-each-other-economic-policy-white?fsrc=scn/tw/te/bl/ed/zerosumsthewhitehousesbudgetgoesfromunrealistictoinnumerate Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 11:26:00:AM Every single one of Obama's budgets assumed a 4% growth rated in GDP!
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 11:29:48:AM Obama's not president anymore d2
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 11:33:45:AM Trump's budget is more ambitious than Obama's, rosy but thin on rationale for the optimism. It anticipates shifting growth above 3 percent, much higher than Obama's long-term average.
Average growth has declined from its averages in the decades after World War II because fewer workers are entering the economy — largely a reflection of the aging baby boomer population that's starting to retire. Productivity gains have also been poor in recent years, limiting how much the economy can expand. https://www.usnews.com/news/business/articles/2017-05-24/ap-fact-check-budget-chief-slams-obama-growth-forecast Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 11:36:22:AM President Trump's budget is far more realistic than anything Democrats have ever proposed or passed!
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 11:49:18:AM no it's not. double counting stuff and then projecting increased revenues tax regs they are cutting isn't very realistic d2.
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 11:52:37:AM Yes it is as it assumes far more realistic growth in GDP which may well be exceeded and reduces the deficit!
Why are Democrats opposed to government living within its means? Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: gwboolean on 05 27, 17, 12:10:22:PM Why does the TrEA$on/NSSA party always talk about government living within its means but are the ones who create ALL of the deficits?
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: gwboolean on 05 27, 17, 12:14:21:PM Why does TrumpCare give the elite 1% $5 trillion in tax cuts? How does this improve healthcare for Americans?
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 12:14:35:PM double counting stuff and then projecting increased revenues from tax regs they are cutting out isn't very realistic d2.
explain how this kinda thing gives you confidence in trump's budget. Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 12:15:54:PM Says the person who's president, deposed King Obama, holds the record for increasing the National Debt!
Double counting stuff is how Obama got Obamacare passed! You have yet to prove any double counting in President Trump's budget! Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 12:30:24:PM The problem is that Steve Mnuchin, the treasury secretary, has already banked that $2trn to pay for the tax cuts that are supposed to spark the 3% growth in the first place.
Another contradiction is that the budget predicts growing revenue from the estate (inheritance) tax, which it promises to abolish. https://www.economist.com/news/united-states/21722638-different-parts-administration-contradict-each-other-economic-policy-white?fsrc=scn/tw/te/bl/ed/zerosumsthewhitehousesbudgetgoesfromunrealistictoinnumerate Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: captain_kook on 05 27, 17, 12:30:55:PM Every single one of Obama's budgets assumed a 4% growth rated in GDP!
baloney Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 12:32:17:PM Every single one of Obama's budgets assumed a 4% growth rated in GDP!
Prove me wrong! Quotes and links, please! Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 12:34:18:PM d2's full of bullshit. d2 doesn't even try to mount a good argument.
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: captain_kook on 05 27, 17, 12:39:52:PM Former President Barack Obama's expectations for growth
were in line with accepted economic views at the time. Here's why: When Obama became president in 2009, the economy was stuck in the Great Recession. The gross domestic product had plunged 2.7 percent in 2008. It fell further in 2009. So Obama's economics team figured that the economy would naturally rebound at a stronger pace than its average growth rate_ the kind of acceleration that had previously happened coming out of downturn. Obama's first budget in 2009 estimated growth would be above 4 percent in 2011, 2012 and 2013. Then it would then settle into an average growth rate of 2.6 percent starting in 2015. That isn't that far from separate estimates by the Congressional Budget Office that expected growth to average 4 percent from 2011 to 2014, before reverting to a 2.4 percent average. Trump's budget is more ambitious than Obama's, rosy but thin on rationale for the optimism. It anticipates shifting growth above 3 percent, much higher than Obama's anticipated long-term average of 2.6. Average growth has declined from its averages in the decades after World War II because fewer workers are entering the economy — largely a reflection of the aging baby boomer population that's starting to retire. Productivity gains have also been poor in recent years, limiting how much the economy can expand under Trump https://www.usnews.com/news/business/articles/2017-05-24/ap-fact-check-budget-chief-slams-obama-growth-forecast (https://www.usnews.com/news/business/articles/2017-05-24/ap-fact-check-budget-chief-slams-obama-growth-forecast) Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 12:49:46:PM Wow, an article written by a biased Democrat with no citation of supporting information such a links to the Obama proposed budgets!
Not much of anything! Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: captain_kook on 05 27, 17, 12:50:57:PM Your claim was baloney.
Wrong. Incorrect. Bullshit. Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: wvit1001 on 05 27, 17, 12:51:14:PM so far all I've ever seen from you is bullshit d2.
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 12:57:19:PM (http://www.aesopsretreat.com/forum/richedit/upload/2k5498f80ae5.png)
http://www.newsbusters.org/blogs/nb/tom-blumer/2017/05/26/media-which-ignored-absurdly-rosy-obama-era-growth-assumptions-now http://www.bizzyblog.com/BUDGET-2010-BUD.pdf http://bizzyblog.com/BUDGET-2014-BUD.pdf https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/budget.pdf Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: captain_kook on 05 27, 17, 01:29:27:PM so you proved your claim wrong again
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 01:35:59:PM Kook, I cannot dumb it down any further for you!
If you still cannot understand what I posted there is no hope for you! Do you ever think and read before responding? Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: Truman62 on 05 27, 17, 01:40:22:PM All the rest if us do, but YOU and your ilk do not seem to read or comprehend anything!
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 01:42:20:PM Proving Democrats intentionally wallow in ignorance!
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: gwboolean on 05 27, 17, 03:10:49:PM It is obvious that Gruppy not only cannot understand what he posted, he cannot even read. Proving these Soviet Benedicts wallow in ignorance and stupidity. (http://www.aesopsretreat.com/forum/richedit/smileys/YahooIM/24.gif)
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 27, 17, 06:26:34:PM It is obvious that Gruppenführer Blojob aka Gw not only cannot understand what he posted, he cannot even read. Proving these Socialists wallow in ignorance and stupidity. (http://www.aesopsretreat.com/forum/richedit/smileys/YahooIM/24.gif)
Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: KensanIV on 05 27, 17, 06:39:35:PM Funny how the liberal mind can find fault with Trump's budget, but cannot conveniently remember that Obama never had a budget passed by Congress in six of his 8 budget years.
http://www.washingtontimes.com/news/2015/may/5/senate-clears-way-final-passage-congress-budget/ Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: fun n games on 05 28, 17, 04:15:44:AM .
Congress will not pass tRump's budgets either. Just watch. . Title: Re: The White House’s budget goes from unrealistic to innumerate Post by: D2D on 05 28, 17, 12:01:10:PM Name the last president whose budget was passed unaltered!
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