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Message
Trump's Budget Increases Spending
Posted on 5/24/17 at 4:12 pm
Posted on 5/24/17 at 4:12 pm
Don't believe the "Washington Math". Trump's budget actually increases overall spending by Trillions.
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
13
Posted on 5/24/17 at 4:13 pm to seawolf06
That site is unreasonable.
Posted on 5/24/17 at 4:15 pm to seawolf06
Where were all these government watchdog articles when Barack was increasing spending and deficits for 8 years?
Posted on 5/24/17 at 4:16 pm to flyAU
quote:
That site is unreasonable.
What is wrong with the math or the interpretation of the budget?
Posted on 5/24/17 at 4:16 pm to seawolf06
Yeah, and there are people who believe sequester was a cut, too. That's how the swamp wants you to think....
Posted on 5/24/17 at 4:17 pm to BeeFense5
The question is where were you?
LINK
quote:
White House Office of Management and Budget Director Jack Lew claims that President Obama’s new budget calls for a “sustainable” deficit but the facts tell a different story. Despite a nominal commitment to fiscal reform, the president’s budget calls for $3.7 trillion in spending. That’s more spending than occurred in fiscal year 2010. This spending will result in a projected net deficit of $1.6 trillion, the highest level of deficit in U.S. history
LINK
Posted on 5/24/17 at 4:17 pm to BeeFense5
quote:You think Reason.com was a fan of Barack's spending and deficits?
Where were all these government watchdog articles when Barack was increasing spending and deficits for 8 years?
Posted on 5/24/17 at 4:18 pm to seawolf06
Have you seen a reputable economist use phoney baloney in his write ups?
Posted on 5/24/17 at 4:18 pm to seawolf06
But the Dems are saying everyone will die with his budget. If he cuts even more then everyone will die twice.
Posted on 5/24/17 at 4:19 pm to seawolf06
I love how everyone thinks 3% growth is impossible just because Obama was stuck around 1% for his entire 8 years.
Posted on 5/24/17 at 4:19 pm to BeeFense5
quote:
Where were all these government watchdog articles when Barack was increasing spending and deficits for 8 years?
Whataboutism
Posted on 5/24/17 at 4:21 pm to AUstar
quote:3% growth is impossible because we're gonna have a bunch of old people retiring. Doesn't have shite to do with who's in charge.
I love how everyone thinks 3% growth is impossible just because Obama was stuck around 1% for his entire 8 years.
Posted on 5/24/17 at 4:21 pm to olddawg26
In the liberal mind it's never OK to review history unless they say it's OK to review history.
Posted on 5/24/17 at 4:21 pm to Iosh
Reason.com shite all over almost every thing Barack did for 8 years. Shitting on govt is kind of their schtick.
Posted on 5/24/17 at 4:22 pm to seawolf06
Every budget uses projections. It's impossible not to. Whether or not you believe those projections is up to you.
So, since spending is increase, no one will die of starvation in the streets?
Grandma is safe, thank god.
So, since spending is increase, no one will die of starvation in the streets?
Grandma is safe, thank god.
Posted on 5/24/17 at 4:27 pm to seawolf06
My sources..which are the best, have shown me undeniable proof, in the form of personal memos and other things, that the site you're referencing has strong ties with Russian intel and psyops and have colluded in order to bring about those things which have been brought.
This post was edited on 5/24/17 at 4:36 pm
Posted on 5/24/17 at 4:30 pm to seawolf06
quote:
because they're based on the phoney-baloney growth projections.
3% GDP growth is not phoney-baloney growth projections. Only people under 30 living under the Obama economic doldrums of 1.5% GDP growth think 3% GDP is phoney-baloney.
I feel sorry for people that didn't get to experience the Reagan Economic Revolution and the Internet Boom during the Clinton years.
Posted on 5/24/17 at 4:36 pm to Iosh
quote:
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 4.1 percent on May 16, up from 3.6 percent on May 12. The forecast of second-quarter real residential investment growth increased from 6.0 percent to 8.3 percent after this morning's housing starts release from the U.S. Census Bureau. The forecast of second-quarter real final sales to private domestic purchasers growth increased from 3.3 percent to 3.6 percent after this morning's industrial production (IP) report from the Federal Reserve Board of Governors. The model’s estimate of the dynamic factor for April—normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data—increased from 0.32 to 0.59 after the report. The forecast of the contribution of inventory investment to second-quarter real GDP growth increased from 1.00 percentage points to 1.20 percentage points after the IP report. Much of the increase was concentrated in motor vehicle and parts dealer inventories as motor vehicle assemblies increased 6.4 percent in April, according to the IP report.
LINK
Posted on 5/24/17 at 4:40 pm to GumboPot
Oh, my mistake, I didn't know one model had a high forecast for one quarter. That changes everything I said.
Posted on 5/24/17 at 4:48 pm to Iosh
But you said 3% was impossible. Even Obama has a couple of quarters above 3%.
Once Trump implements policies that shift us from less of a service economy to more of a production economy we'll see more robust growth.
Once Trump implements policies that shift us from less of a service economy to more of a production economy we'll see more robust growth.
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