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President Trump's Budget Includes a $2 Trillion Math Error (time.com)
An anonymous reader quotes a report from TIME: President Trump's budget includes a simple accounting error that adds up to a $2 trillion oversight. Under the proposed budget released Tuesday, the Trump Administration's proposed tax cuts would boost economic growth enough to pay for $1.3 trillion in spending by 2027. But the tax cuts are also supposed to be revenue-neutral, meaning that trillion dollars is already supposed to pay for the money lost from the tax cuts. Former Treasury Secretary Lawrence Summers called the oversight an "elementary double count" and "a logical error of the kind that would justify failing a student in an introductory economics course" in an op-ed in the Washington Post.
Stop BSing yourself. We don't have a functioning democracy?
Like sanctuary cities that think they're above the law?
Like the federal government under Obama not enforcing immigration laws on the books.
These things are dangerous - and I'm a proponent of immigration - but make it legal and on the f**king books.
The Trump administration has done nothing counter to Constitution.
And in case it matters I didn't vote for the orange oompa lumpa.
If you're scared of your govt then you need to further restrict its powers
Vote 3rd Party in 2016 and beyond
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Where Obamacare did the EXACT same thing. I remember being called a racist when I pointed it out at the time, so I guess its my turn...
You are a racist.
I consider a math error of that magnitude better than I dunno.
The preceding post was not a Slashvertisement.
...soon you'll be talking real money.
Donte Alistair Anderson Roberts - hi son!
Karma: Chameleon
Well in 2006 when Obama was a Senator he took the Bush administration to task for its reckless deficit spending and raising the debt limit. He made a big speech on the Senate floor (see March 16, 2006 Congressional Record).
When President, Obama completely reversed his position and argued that Bush was right and he, as Senator, was wrong.
So ultimately this is about partisanship and not accounting. And even more importantly it's about who will be holding the bag when the bag explodes. Which nobody can predict but probably isn't a long way off.
Are we heading towards the cliff, or already off the cliff. And does it matter. Either way you're at the bottom of the gorge.
Because you cut tax rates while you spend a defined amount. Tax revenue is determined by the tax rates and the amount and size of revenue sources. If the economy grows fast enough, revenue will increase with reduced tax rates.
I didn't say he was illiterate. He does reasonably well with prepared statements.
The world's burning. Moped Jesus spotted on I50. Details at 11.
Trump employs incompetent people to do this stuff for him. He thinks he has great judgement and gets the best people, but his personality, policies and selection process ensure that the exact opposite happens.
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SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
At some point the Trump apologists are going to have to stop deflecting to Clinton. Your guy is in office now, he's the one that you have to defend. Clinton lost the election, therefore isn't worthy of your time. What should be worthy is the constant stream of fuckups and potentially treason coming out of the current administration. You're not in a campaign anymore, you're in government.