Started By
Message

re: Trump's Budget Increases Spending

Posted on 5/24/17 at 6:51 pm to
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 5/24/17 at 6:51 pm to
It just means that is an assumption without much basis in facts or data. Not impossible, but not worth risking everything on either.
Posted by GumboPot
Member since Mar 2009
119336 posts
Posted on 5/24/17 at 7:34 pm to
quote:

It just means that is an assumption without much basis in facts or data


Damn it. The budget GDP growth rate is absolutely based in facts. Mulvaney is assuming a 3% growth rate. Why 3%? Because:

quote:

GDP Annual Growth Rate in the United States averaged 3.20 percent from 1948 until 2016


LINK

quote:

but not worth risking everything on either.


Since you want to only speak in platitudes about risk to get some bull shite talking points across I'll add some specifics:

Risk 1: economic melt down...no reasonable budget can offset this risk. Probably: extremely low.

Risk 2: Obama level growth rates...Trump's budget still spends a lot less than Obama and deficits will still be lower relative to previous administrations' budgets. Probably moderate.

Risk 3: historical growth rate of 3.2%....Trump's budget would out perform his current proposal and America would be doing really well economically. Probably high.

Risk 4: 4+% growth rates...Trump's budget would severely out perform his current proposal and America would be kicking arse economically...Probably moderate.

first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram