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06-02-2017, 10:57 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,361
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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.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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06-02-2017, 11:11 AM
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Ready
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Join Date: Oct 2013
Posts: 19,172
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And don't forget they double the 2 trillion revenue increase that comes out based on that ridiculous assumption.
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If you Love Liberty, you must Hate Trump!
Last edited by donquixote99; 06-02-2017 at 11:17 AM.
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06-02-2017, 11:40 AM
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Senior Member
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Join Date: May 2009
Location: SF east bay
Posts: 4,455
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How can I be broke, I have checks left, aka: Reaganomics.
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Russians who vote elect Republicans
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06-02-2017, 12:01 PM
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Senior Member
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Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,068
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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.
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I'll believe corporations are people when Texas executes one.
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06-02-2017, 01:03 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,914
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Trump lying??? Say it ain't so.
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As long as the roots are not severed, all will be well in the garden.
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06-02-2017, 01:26 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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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.
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06-02-2017, 01:44 PM
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Senior Member
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Join Date: Oct 2013
Posts: 3,554
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Quote:
Originally Posted by whell
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.
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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
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It occurs to me that republicans seem to view black, Mexican, LGBT, Muslims and poor people in the same light as Nazi Germans once viewed Jewish people. We must be vigilant that it goes no further.
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06-02-2017, 03:10 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,229
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Quote:
Originally Posted by whell
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.
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Keep drinking that covfefe, Mike.
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I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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06-02-2017, 11:36 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,361
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Quote:
Originally Posted by whell
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.
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So you trust Trump over the non-partisan CBO, and most every expert. You're truly stupid.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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06-03-2017, 06:50 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by MrPots
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
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When all you havs, Potts, is Set party talking points, of course it means that.
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