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-   -   Surprise! (Not): Trump's budget assumptions based on a lie (http://www.politicalchat.org/showthread.php?t=11734)

Chicks 06-02-2017 10:57 AM

Surprise! (Not): Trump's budget assumptions based on a lie
 
From that bastion of left-wing thinking, the WSJ, lol.

https://www.wsj.com/articles/trump-i...pid=1860604578

Now Mr. Trump is leading the economy down a primrose path that is even more unrealistic. The administration’s budget, released this week, assumes long-run growth of 3%, a full percentage point higher than the Blue Chip consensus of professional forecasters and 1.1 percentage points above the prediction of the nonpartisan Congressional Budget Office.

donquixote99 06-02-2017 11:11 AM

And don't forget they double the 2 trillion revenue increase that comes out based on that ridiculous assumption.

CarlV 06-02-2017 11:40 AM

How can I be broke, I have checks left, aka: Reaganomics.

Pio1980 06-02-2017 12:01 PM

Somewhere is the front end of a horse not knowing that the other end is in DC, dismantling what's left of what made the Country exceptional.

finnbow 06-02-2017 01:03 PM

Trump lying??? Say it ain't so.

whell 06-02-2017 01:26 PM

Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.

MrPots 06-02-2017 01:44 PM

Quote:

Originally Posted by whell (Post 354772)
Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.

1966 - 1901 the top tax rate was almost 70%, then it dropped to 50% for awhile, then it dropped further and growth stalled. What does that say? Well, it says that the claim of cutting tax rates for the top 10% will stimulate the economy is pure bullshit.

http://www.taxpolicycenter.org/sites...historical.pdf

bobabode 06-02-2017 03:10 PM

Quote:

Originally Posted by whell (Post 354772)
Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.

Keep drinking that covfefe, Mike. :rolleyes:

Chicks 06-02-2017 11:36 PM

Quote:

Originally Posted by whell (Post 354772)
Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.

So you trust Trump over the non-partisan CBO, and most every expert. You're truly stupid.

whell 06-03-2017 06:50 PM

Quote:

Originally Posted by MrPots (Post 354774)
1966 - 1901 the top tax rate was almost 70%, then it dropped to 50% for awhile, then it dropped further and growth stalled. What does that say? Well, it says that the claim of cutting tax rates for the top 10% will stimulate the economy is pure bullshit.

http://www.taxpolicycenter.org/sites...historical.pdf

When all you havs, Potts, is Set party talking points, of course it means that.


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