The CBO thinks Trump's budget math is about $3.4T off

Discussion in 'Political Discussions' started by Abner, Jul 15, 2017.

  1. Abner

    Abner Well-Known Member

    The CBO thinks Trump's budget math is about $3.4 trillion off -

    "So here's the fundamental mismatch: The CBO says Trump's budget math overestimated economic growth to the tune of $3.4 trillion in tax revenue over next decade."

    "In particular, CBO estimates that wages and salaries would be about $6.9 trillion (or 6%) lower than the administration projects, reducing CBO's estimates of revenues from individual income and payroll taxes below those of the administration. In addition, CBO estimates that domestic economic profits would be about $3.2 trillion (or 15%) lower than the administration estimates, further reducing CBO's estimates of revenues from corporate income taxes relative to those of the administration."
  2. decimon

    decimon Well-Known Member

    34 billion a year. A rounding error in D.C. math.
  3. b4cz28

    b4cz28 New Member

    Oh Abner. My sweet Abner. You see that's CNN right? But in reality it could be any MSM. They refuse to believe we are on tract to hit 3% (We are) Obama had the worst growth of any US president, or so I recall might be wrong. The budget office in not in the job market of forecasting domestic growth are they? I thought they just did the books.

    Did Obama ever do a budget?
  4. Abner

    Abner Well-Known Member

    You make it sound like CNN is breitbert or some shit rag like that, Give me a break. I tend to trust the CBO over the WH. Obama is gone now, newsflash.
  5. b4cz28

    b4cz28 New Member

    Abner, I recall how you were always so upset over the refusal of the Obama administration to even post a budget. I know you were like, "OMG! Obama wont even tell us what he is going to spend and he broke the law eight years in a row!" You are probably super happy that for the first time in a decade a president has published a budget! The CBO is wrong as we are on target for 3%. How can you argue with the current market prediction of most of wall street and bond agents? I mean I bet you are saying that the CBO is probably full of Obama appointed hacks? The same guy who told people in Washington to do what ever it takes to stop Trump..opps sorry I meant Drump, or was it Dumbp?
  6. me again

    me again Well-Known Member

    The leftist/socialist owners of CNN are not trustworthy.

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