cbo.gov
Mainstream media continues to propagate a faulty analysis of the Trump Tax Plan based off of Obama's 8-year average of GDP growth instead of President Trump's actual current GDP growth. The deception is unreal from an organization that is suppose to be unbiased and create reports based on fact not outdated scoring models. A nearly 2% base difference to start an analysis is dramatic when trillions of dollars are taken into account over a 10-year span. President Trump's Tax plan in actuality decreases the deficit and creates a massive surplus that will shrink the $20 trillion dollars of National Debt created by Obama.
The questions to ask are:
Who is funding these media lies?
Who corrupted the CBO?
Trump Tax Place Decreases Deficit While Returning Money to Americans
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delete this now
lies, lies, lies
HAHAHAHA Thinking we won't crash this economy with no survivors.
...
Shoo shoo federal reserve demon
off to the ovens with you
So if Trump doesn't manage to maintain 3.3% growth for the remainder of his term, it will add trillions to the debt? That seems like a valid concern.
If the CBO was honest, they would have stated upfront that they were scoring it off of Obama's 8-year tenure. Then they would have added to the report scenarios 2.0% GDP, 2.5%GDP, 3.0%, and up. Even at 2.0% GDP growth, the Trump tax plan would end up deficit neutral. Not basically mandating that Trump is going to be a failure in GDP like Obama was. That is being dishonest no matter how you want to spin it.
>IT ONLY BENEFITS THE RICH STOP DRINKING THE KOOLAID
>"GDP growth will offset budget deficits!!!!"
>Two years later...
>Massive budget deficit, six fold increase in debt
Reagonomics deja vu.
>six fold increase in debt
Obamanomics
Not when Obama's plans relied on 4% growth and never went above 3%.
Nope. We had a doubling of debt under Bush. Six fold under Reagan. Trump is on pace for a 50-100% increase.
Oh wait, yes, Obama increased the national debt more than every prior president combined.
Everything will be ponies and rainbows!
The politicians promised us!!!
Again, no. Bush debt is not Obama debt. Conservative liars love to call the 2008 budget Obama's but that was Bush's last budget and the biggest debt budget ever. Obama decrease the deficit more than any president in history. Trump raised the deficit by a trillion dollars.
What delusional world do you live in. Bush left placing the country into an 8 trillion dollar debt. Obama left with the country in 19 trillion in debt.
Obama accounted for 11 trillion in debt alone which is more than every prior president combined. Go shill elsewhere if you cannot accept facts that can be easily verified.
Something's gotta give. There's people not getting jobs and delaying buying houses, etc. A drop in consumer spending which is uge for the US will hurt the economy. A dollar's value is tied to oil. 20T in debt + off balance items like SS, medicare which is over 50T. Businesses and households are in trillions more in debt. Plus the resource consumption of the US far exceeds the world. Excessive inefficient consumption and unlimited growth are not possible in a finite world.
Unfortunately I agree with your outlook. It will happen either right before or after this decade ends. Whomever is in charge of the country around 2020 is screwed with the rest of us.
This. The Republican deficit spending and second housing bubble are about to burst. This country will explode under Trump's incompetent leadership and fall into a new Depression. America will be as broke as Trump and Trump casinos. People think Trump has money but he's been flat broke for years, can't pay his debts, chapter 11 bankruptcy six times, Trump Tower and Trump casino were falling apart from lack of maintenance.
Yeah I thought the past recession would have lead to the depression, but I didn't anticipate the suppressed interest rates to pump up the bubbles more. That's why I try to plan for all cases (a normal life, rich life, or poor life), so I don't get bamboozled if external circumstances change my life.
>This. The Republican deficit spending and second housing bubble are about to burst.
Happening fags are the worst.
>Bitcoin is crashing!
>Housing is crashing!
>the dollar is crashing!
>Oil is crashing!
Sometimes things are just ok
Bitcoin is a pure speculation market with zero inherent value, it will crash eventually. No one knows when. Housing is a bubble, artificially inflated values are far higher than the market can realistically sustain, another crash will happen.
As for dollar and oil, less certain.
You're bullshitting m8. That was obvious since you brought up trump's bankruptcies.
Those talking points are long debunked
Talking point? It's a matter of public record. Do you actually not know?
>This country will explode
What a fucking moron you are. Inject your obvious bias into everything. Your view is all the failures under Obama is Bush's fault and if Trump succeeds in turning around and saving the country it will all be because of Obama. No critical thinking skills or objectivity at all.
3.3% QoQ annualized. Since Q1 GDP growth was so abysmal (as is tradition even after seasonal adjustments), it's impossible to get 3% YoY even if you get 3~4% on later quarters.
t. someone that works at nyfed
The FED really screwed everything up by manipulating everything for the past eight years instead of allowing the country to go through the necessasry pains. Yellen should be jailed.
Trump doesn't need to return money. He simply needs to pull the plug on regulation and government programs. The federal government should basically just be there to:
A. Maintain a standing army
and
B. Uphold the constitution
The extra money will come from the jobs and decreased taxes.
fedman, what is everyone saying around the watercooler about how the economy is doing now and the future prospects under tax reform?
That's not my view at all but you think it is because of your own bias.
Fake news. Trump doesn't have a magic wand. It's impossible for him to do 3% GDP growth. Obama told me so.
Really, all of your posts state that republicans are at fault for everything. On the other hand I have stated Bush put the country in debt 8 trillion and Obama 11 trillion. See the difference.
Unless you are Nostradomus, the only judgment that can be made on Trump is this past year and not your insane future projections. Economy has grown and Stock Market surpassed 24,000.
I posted facts. The 2008 budget is Bush's. Just a fact. You hate that fact because you hate all facts.
Again you are deflecting. Cannot even admit Obama screwed the national debt by adding 11 trillion dollars to it when he left office.
I will agree that the Republican Congress (for 6 years) under Obama added more to the debt than any Congress ever. And the Bush debt in 2008 was the largest debt ever. Both facts.
lol, trying to obfuscate the issue of Obama's economic failures. Okay if you want to attribute 2008 to Bush, it does not change the same fact that Obama added more debt than every prior president combined. Here is an infographic of your scenario where Bush owns 2008. Still shows Obama as the biggest failure in U.S. History.
I'd agree housing is in a bubble, but it seems to always be in a bubble
It's not crisis level yet though, and could be managed with care
The market is healthy, which is something I'm hesitant to say
The student loan bubble is about to explode. That alone is not healthy for the overall economy. The Trump administration needs to curtail spending on every single government program that was expanded the past decade.
And Obama ended up adding 10 trillion to the debt. What's your point?
The CBO scored Obama's plans showing an impossible 4% growth to sell it to American taxpayers that it was good for the overall economy. That lie allowed legislation and regulations to pass which resulted in the 10 trillion dollar debt. If the CBO would have scored Obama's plans on a 1.5% growth rate as they have done with Trump, then some of the legislation and regulations wold not have passed and 10 trillion would not have been added to the debt. The CBO doing that allowed Obama to have no limit on the nation's credit card and put the country into the deep red.
Imagine if the CBO score Trump's tax plan off the same metric they used for Obama. At 4% it would eliminate the 20 trillion national debt in a decade because at 4% growth Trump's tax plan would give the country annual surpluses. A report like that would make every single democrat look like idiots for voting against it in an attempt to sabotage the American economy. The CBO issued the report to give Democrat fake talking points to vote against the Trump tax plan.
That is the point.
The student loan bubble can't explode, you dumb fuck. They're federally backed loans, and they can't be discharged in BK, and the diplomas can't be foreclosed on.
They also have NOTHING to do with Federal program spending, and Trump has already been cutting them, under the cover of the made up scandals the press wastes all their time on.
Please post any investing you do, or plan to, so I can do the exact opposite. It's clear you don't have a fucking clue what you're talking about, so going contrarian to you is easy money.
Are you really that dense.
fortune.com
Go back to playing your vidya. Don't you have to go to school tomorrow?
Just because the debt can't be discharged doesn't mean the debtors can't start defaulting en masse
>cutting taxes will spur gdp growth and reduce the deficit
>CBO measured Obama's plans against an unrealistic growth pattern
>This was a fuck up since it added 10 trillion dollars to the debt
>CBO acknowledges this was a mistake and now uses a more conservative growth path
Apart from maybe being more open about why they chose their different growth patterns I see nothing wrong with this.
>mainstream media
CNN and MSNBC are cable news opinion programs, friend. Same for Fox but they're choking it down and asking for more.