Slashdot Mirror
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
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
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.
const int one = 65536; (Silvermoon, Texture.cs)
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.