Trump projection: 16 billion surplus, CBO projection: 720 billion deficit

[mnmoderatedem]

He's such a brilliant businessman isn't he?


http://www.cnn.com/2017/07/14/politics/cbo-trump-budget-math/index.html

[Turbineguy]

1. So then there's this:

How many times has the CBO gone bankrupt?

[COLGATE4]

2. It's just the same old trickle-down bullshit in a different package.

"With the massive tax cuts for the wealthiest Americans in place they will undoubtedly invest in new businesses, factories, etc., making the annual economic growth in excess of 3% (instead of the 1.8% historically accurate used by the CBO). If you cross your fingers and wish very, very hard with all your heart this will surely come true and we will have a budget surplus of trillions of dollars and a chicken in every pot."

[True Dough]

3. You could simply chalk that up

to a rounding error, could you not???

[Gothmog]

4. Trump is very bad a math

Trump managed to lose money running a casino

[MiddleClass]

5. There is a historical record that trickle down works

Massive tax cuts for the rich, it will spur economic growth like 5 6 7%

, after all, it worked in the early eighties under Reagan, lower taxes, Bam, higher revenue.

, After all, it worked in the early 2000 under Bush, lower taxes, Bam, higher revenue.

, After all, it worked the last few years under Brownback in Kentucky, lower taxes, Bam…

Oh wait, that's right, it never works