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Author Topic: Trump Budget Based on $2 Trillion Math Error  (Read 273 times)

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Offline ABX

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Trump Budget Based on $2 Trillion Math Error
« on: May 23, 2017, 09:00:20 pm »
NY Mag is correct that it is double counting. They are incorrect in continuing to label tax cuts as an expense.

Quote
One of the ways Donald Trump’s budget claims to balance the budget over a decade, without cutting defense or retirement spending, is to assume a $2 trillion increase in revenue through economic growth. This is the magic of the still-to-be-designed Trump tax cuts. But wait — if you recall, the magic of the Trump tax cuts is also supposed to pay for the Trump tax cuts. So the $2 trillion is a double-counting error......

http://nymag.com/daily/intelligencer/2017/05/trump-budget-based-on-usd2-trillion-math-error.html?mid=twitter-share-di
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Offline bolobaby

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Re: Trump Budget Based on $2 Trillion Math Error
« Reply #1 on: May 23, 2017, 09:23:46 pm »
Great.

I'll say it again: Wanna balance the budget? Zero-baseline the entire federal budget and post it online for everyone to look at. Suddenly, $60,000 coffee budgets for departments with 200 people in it will *disappear*.
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