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  #1  
Old 06-02-2017, 10:57 AM
Chicks Chicks is offline
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Surprise! (Not): Trump's budget assumptions based on a lie

From that bastion of left-wing thinking, the WSJ, lol.

https://www.wsj.com/articles/trump-i...pid=1860604578

Now Mr. Trump is leading the economy down a primrose path that is even more unrealistic. The administration’s budget, released this week, assumes long-run growth of 3%, a full percentage point higher than the Blue Chip consensus of professional forecasters and 1.1 percentage points above the prediction of the nonpartisan Congressional Budget Office.
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Old 06-02-2017, 11:11 AM
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And don't forget they double the 2 trillion revenue increase that comes out based on that ridiculous assumption.
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Last edited by donquixote99; 06-02-2017 at 11:17 AM.
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  #3  
Old 06-02-2017, 11:40 AM
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How can I be broke, I have checks left, aka: Reaganomics.
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  #4  
Old 06-02-2017, 12:01 PM
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Somewhere is the front end of a horse not knowing that the other end is in DC, dismantling what's left of what made the Country exceptional.
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Old 06-02-2017, 01:03 PM
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finnbow finnbow is offline
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Trump lying??? Say it ain't so.
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  #6  
Old 06-02-2017, 01:26 PM
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Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.
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  #7  
Old 06-02-2017, 01:44 PM
MrPots MrPots is offline
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Quote:
Originally Posted by whell View Post
Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.
1966 - 1901 the top tax rate was almost 70%, then it dropped to 50% for awhile, then it dropped further and growth stalled. What does that say? Well, it says that the claim of cutting tax rates for the top 10% will stimulate the economy is pure bullshit.

http://www.taxpolicycenter.org/sites...historical.pdf
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Old 06-02-2017, 03:10 PM
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Quote:
Originally Posted by whell View Post
Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.
Keep drinking that covfefe, Mike.
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  #9  
Old 06-02-2017, 11:36 PM
Chicks Chicks is offline
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Quote:
Originally Posted by whell View Post
Oh yeah. Its a lie to suggest that the US could return to a 3% growth rate, even though 3% was the average GDP growth rate during the 40 years between 1966 and 2006.
So you trust Trump over the non-partisan CBO, and most every expert. You're truly stupid.
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  #10  
Old 06-03-2017, 06:50 PM
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Quote:
Originally Posted by MrPots View Post
1966 - 1901 the top tax rate was almost 70%, then it dropped to 50% for awhile, then it dropped further and growth stalled. What does that say? Well, it says that the claim of cutting tax rates for the top 10% will stimulate the economy is pure bullshit.

http://www.taxpolicycenter.org/sites...historical.pdf
When all you havs, Potts, is Set party talking points, of course it means that.
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