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Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
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usmbacker Offline
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Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
[Image: iwjd61.jpg]

It’s the economy, stupid…


Quote:President Donald Trump’s proposed budget for 2018 would reduce the deficit over the next decade by $160 billion and increase GDP at the same time, according to an analysis from the Congressional Budget Office.

Trump’s budget proposes a cut back in mandatory and discretionary spending that would not only reduce the deficit, but the debt as well.

Relative to the size of the economy, federal budget deficits are projected to decline by 2.6 percent to 3.3 percent of gross domestic product over the next 10 years. This would mean that the deficit would be roughly one-third smaller than it was originally projected to be.

Trump’s budget also aims to reduce the debt to 80 percent of GDP, which is 11 percentage points below the budget office’s baseline. By the end of the next decade, debt held by the public is projected to decline by 0.6 percent of GDP.

Keep reading here....
07-14-2017 10:05 AM
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john01992 Offline
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
1003!!!!
07-14-2017 10:13 AM
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Machiavelli Offline
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
Yeah and he didn't collide with the Russians either. I think it would be easier if we found things he hasn't lied about
07-14-2017 10:15 AM
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HeartOfDixie Offline
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
I like it.
07-14-2017 10:17 AM
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LeFlâneur Offline
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
I need to see a lot more details, but it sounds promising.
07-14-2017 10:26 AM
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DaSaintFan Offline
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
$160B is a -start-....
07-14-2017 10:41 AM
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DefCONNOne Online
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
(07-14-2017 10:41 AM)DaSaintFan Wrote:  $160B is a -start-....

I had similar thoughts. $160B over 10 years? That's merely a drop in the bucket.
07-14-2017 11:03 AM
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Tom in Lazybrook Offline
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
07-14-2017 11:22 AM
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Bull_Is_Back Online
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
[quote='usmbacker' pid='14445451' dateline='1500044727']
[Image: iwjd61.jpg]
Quote:President Donald Trump’s proposed budget for 2018 would reduce the deficit over the next decade by $160 billion and increase GDP at the same time, according to an analysis from the Congressional Budget Office.

Reducing the deficit is nice and all but we need to start dealing with the debt! Going deeper in to debt more slowly is still going deeper into debt.
07-14-2017 11:23 AM
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john01992 Offline
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RE: Pres. Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
freaking LOL.

Quote:Thursday's Congressional Budget Office report says that Trump's budget, if followed to the letter, would result in a $720 billion deficit at the end of 10 years instead of the slight surplus promised.

CBO said Trump's budget would reduce the deficit by a total of $3.3 trillion over 10 years instead of the $5.6 trillion deficit cut promised by the White House. The nonpartisan scorekeeper estimated that deficits in each of the coming 10 years will exceed the $585 billion in red ink posted last year.
07-14-2017 11:26 AM
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