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Message
Posted on 5/24/17 at 7:34 pm to seawolf06
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.
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