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Wed May 24, 2017, 10:51 AM

Trumps Budget Doesnt Make Sense



President Trump entered office facing the worst ratio of debt to gross domestic product of any new president in American history except Harry Truman — an onerous 77 percent. So, like many presidents before him — including, most recently, President Barack Obama, who had to respond to the economic crisis he inherited — President Trump is faced with the choice of whether and how to confront a looming situation not of his own making.

To his credit, the president put forth the goal of balancing the budget over a decade and starting to reduce the debt. Still, goals don’t balance budgets, tough choices do. President Trump’s budget sticks to his campaign promises — including increasing military spending, investing in infrastructure, talk of tax cuts without specific offsets and “protecting” Social Security and Medicare, a reassuring political promise that removes over one-third of the budget from consideration.

The problem is, those promises didn’t add up on the campaign trail, and they don’t now.

On paper, the $1.3 trillion deficit projected for 2027 would be erased under the Trump budget. But there are a lot of heroic assumptions made to get there. A full $300 billion, including interest, comes from a 40 percent cut to nonmilitary discretionary spending, with much of the savings coming from simply assuming non-specified reductions. An additional $100 billion comes from timing shifts, one-time payments and an ambitious estimate for reducing waste, fraud and abuse.


https://www.nytimes.com/2017/05/23/opinion/trumps-budget-deficit.html

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Reply Trumps Budget Doesnt Make Sense (Original post)
spanone May 2017 OP
MineralMan May 2017 #1
spanone May 2017 #2
Lint Head May 2017 #3

Response to spanone (Original post)

Wed May 24, 2017, 10:55 AM

1. Trump Doesn't Make Sense...

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Response to MineralMan (Reply #1)

Wed May 24, 2017, 10:59 AM

2. no he doesn't and neither does his election win...which brings up the russian investigation.

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Response to spanone (Original post)

Wed May 24, 2017, 11:09 AM

3. The only sense Trump makes is the sense of smell.

He and his whole family smell of dung.

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