Bo-4
05-23-2017, 10:00 AM
Perhaps one of our resident economic gurus could mansplain this to the class after first quarter Trump growth of 0.7% (lowest in 3 years)? :laugh:
One of the ways Donald Trump’s budget claims to balance the budget over a decade, without cutting defense or retirement spending, is to assume a $2 trillion increase in revenue through economic growth. This is the magic of the still-to-be-designed Trump tax cuts. But wait — if you recall, the magic of the Trump tax cuts is also supposed to pay for the Trump tax cuts. So the $2 trillion is a double-counting error.
MOAR if you Dare:
http://nymag.com/daily/intelligencer/2017/05/trump-budget-based-on-usd2-trillion-math-error.html
Of course, it'll never pass .. but it's still scary as hell:
http://www.slate.com/blogs/moneybox/2017/05/22/donald_trump_s_budget_won_t_pass_is_still_terrifyi ng.html
One of the ways Donald Trump’s budget claims to balance the budget over a decade, without cutting defense or retirement spending, is to assume a $2 trillion increase in revenue through economic growth. This is the magic of the still-to-be-designed Trump tax cuts. But wait — if you recall, the magic of the Trump tax cuts is also supposed to pay for the Trump tax cuts. So the $2 trillion is a double-counting error.
MOAR if you Dare:
http://nymag.com/daily/intelligencer/2017/05/trump-budget-based-on-usd2-trillion-math-error.html
Of course, it'll never pass .. but it's still scary as hell:
http://www.slate.com/blogs/moneybox/2017/05/22/donald_trump_s_budget_won_t_pass_is_still_terrifyi ng.html