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Posted on 5/24/17 at 4:51 pm to GumboPot
quote:Annualized 3%. Didn't think I needed to specify given the context of the discussion (Trump's budget) makes it patently obvious to anyone who isn't insatiably horny for a gotcha.
But you said 3% was impossible. Even Obama has a couple of quarters above 3%.
This post was edited on 5/24/17 at 4:52 pm
Posted on 5/24/17 at 4:52 pm to seawolf06
Is anyone shocked? Trump is far from conservative
Posted on 5/24/17 at 4:56 pm to seawolf06
Didn't Hillary just tell us that the spending cuts were so severe that people were going to starve?
Posted on 5/24/17 at 4:56 pm to RogerTheShrubber
quote:
Even Obama has a couple of quarters above 3%.
Wrong and I find it comical how all of a sudden liberals are worried about the fuzzy math of the government and spending. Hell, you progs run on spend, tax, spend, tax, spend, tax. Make up your mind. is it global cooling, warming, climate change... like riding the tea cups with you guys.
Posted on 5/24/17 at 5:15 pm to BeeFense5
Trumps plan asks us to pretend that the trickle down effect will raise all boats, even the twentyfive million who are losing heathcare, and even the walmart workers on foodstamps.
Walmart is the biggest employer in many southern states. You pay for their foodstamps.
Walmart is the biggest employer in many southern states. You pay for their foodstamps.
Posted on 5/24/17 at 5:18 pm to seawolf06
When did libs start caring about spending?
Posted on 5/24/17 at 5:18 pm to CelticDog
quote:
Trumps plan asks us to pretend that the trickle down effect will raise all boats, even the twentyfive million who are losing heathcare, and even the walmart workers on foodstamps.
Walmart is the biggest employer in many southern states.
That because your boys Bush 1, Clinton, Bush II and Obama allowed foreign nations to pillage us on trade and allow open borders so the Walmarts can pay American workers less.
Posted on 5/24/17 at 5:20 pm to CelticDog
quote:
even the twentyfive million who are losing heathcare
25 million people aren't losing healthcare. People just won't be required by law to have it or get taxed for not having it. They'll still be able to get insurance. That's such a weak argument.
Posted on 5/24/17 at 5:20 pm to GumboPot
quote:Well they did something right apparently.
That because your boys Bush 1, Clinton, Bush II and Obama allowed foreign nations to pillage us on trade and allow open borders so the Walmarts can pay American workers less.
Posted on 5/24/17 at 5:23 pm to The Boat
quote:
When did libs start caring about spending?
2017 spending is $4,062 billion.
Proposed 2018 spending is $4,094 billion. That's only a $32 billion dollar increase. Libs are mad because the proposed spending is not MORE.
This is less than a 1% increase in spending. It's below the inflation rate.
The proposed budget will also balance in 10 years without cutting SS and Medicare.
Posted on 5/24/17 at 6:49 pm to AUstar
It isn't impossible, but that doesn't mean we should bet everything on it either.
Posted on 5/24/17 at 6:51 pm to GumboPot
It just means that is an assumption without much basis in facts or data. Not impossible, but not worth risking everything on either.
Posted on 5/24/17 at 6:52 pm to Pinecone Repair
quote:
Didn't Hillary just tell us that the spending cuts were so severe that people were going to starve?
Exactly. More political bullshite
Posted on 5/24/17 at 6:55 pm to The Boat
quote:
When did libs start caring about spending?
They only care when it decreases. I am not liberal, BTW.
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.
Posted on 5/25/17 at 9:31 am to GumboPot
quote:
Trump's budget still spends a lot less than Obama and deficits will still be lower relative to previous administrations' budgets.
The entire point of my post is that it doesn't spend less. Read it again. SPENDING IS INCREASING!!!!
Posted on 5/25/17 at 9:38 am to seawolf06
quote:
The question is where were you?
Barack Obama - The national debt grew the most dollar-wise during President Obama's two terms. He added $7.917 trillion, a 68 percent increase, in seven years. This was the fifth-largest increase percentage-wise. Obama's budgets included the economic stimulus package. It added $787 billion by cutting taxes, extending unemployment benefits, and funding public works projects. The Obama tax cuts added $858 billion to the debt in two years.
LINK
And he roundly criticized bush for increasing the budget. (Which he did, but not to the point Obama did)
Bush was irresponsible and unpatriotic for running up his debt
Posted on 5/25/17 at 9:43 am to seawolf06
Whatever they call that shite where decreases in the rate of increase are "draconian" is the biggest scam in the history of politics
and of course in a $4T budget little boondoggles that are eliminated are highlighted because, oh the horrors, people on the gravy train are "hurt"
and of course in a $4T budget little boondoggles that are eliminated are highlighted because, oh the horrors, people on the gravy train are "hurt"
Posted on 5/25/17 at 9:48 am to Iosh
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.
Was it impossible during Obama's tenure? If so, he was even more unrealistic than the Trump administration. His budgets projected 4-6% growth.
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