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re: Trump's Budget: People forget "The Art of the Deal"
Posted on 5/24/17 at 4:10 pm to ibleedprplngld
Posted on 5/24/17 at 4:10 pm to ibleedprplngld
The problem is that his budget starts out by increasing spending over the 10 year timeframe. How are we supposed to negotiate down from that? The spending will be incredible by the time it is done, if it gets done at all.
LINK
quote:
When you look at the overall numbers (above), spending increases to $4.1 trillion in 2018 and rises to $5.7 trillion in 2027. So much for reductions. When figured as a percentage of the economy (GDP), we see a slow decline from 20.5 percent next year down to 18.4 percent in 2027, but those figures are screwy because they're based on the phoney-baloney growth projections. The same goes for receipts, whether estimated in dollars or percentages. Only in the fantasyland of government accounting can a budget that projects spending $900 billion more in 2027 than 2018 be described as "Trump seeks to slash $3.6 trillion in austere budget."
LINK
This post was edited on 5/24/17 at 4:12 pm
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