3 ms·
If this were headed in the direction of deficit reduction, that would be one thing. But on top of these cuts, the budget also expands the deficit to $1T, or som
by aazaa 7y ago
If this were headed in the direction of deficit reduction, that would be one thing. But on top of these cuts, the budget also expands the deficit to $1T, or somewhere north of 5% of GDP:
https://www.cnbc.com/2020/02/09/trump-admin-to-unveil-fiscal-2021-budget-calling-for-extending-tax-cuts.html https://www.cnbc.com/2020/02/09/trump-admin-to-unveil-fiscal...
https://www.thebalance.com/us-deficit-by-year-3306306 https://www.thebalance.com/us-deficit-by-year-3306306
- apodysophilia 7y agoThe budget outlines a plan to have a budget surplus by 2035. Obviously it would be better for that to happen sooner but that seems unlikely. People are upset about these cuts. Imagine how upset they would be if all discretionary spending was cut in half.
- tzs 7y agoDoesn't that "plan" depend on unrealistic economic growth?