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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (65991)	4/10/2018 4:04:42 PM
From: TimF	Read Replies (2) \| Respond to of 364289

Before taxes were cut CBO projected $400 billion deficits for the foreseeable future. And they were wrong. As they, or anyone else who makes such predictions, often are. They projected A, now after policy change B, they project C, is not an argument that B caused a change of C-A. A was clearly incorrect not just in that policy changes, but was incorrect with the same tax and spending policies. C there later or current projections is probably also wrong, even if adjusted for future policy changes and esp. so if not. Those policy changes include not just tax cuts but also extra spending. And the extra spending that was already "baked in" to current policy and thus accounted for in some way in the estimates still is a spending increase, so even if the CBO estimates had been correct (and they were not) your argument based on it would still be faulty.

To: zzpat who wrote (65991)	4/10/2018 6:41:50 PM
From: i-node	Read Replies (1) \| Respond to of 364289

>>Before taxes were cut CBO projected $400 billion deficits for the foreseeable future. Now they're projecting $1 trillion-plus deficits for the foreseeable future. CBO has projected trillion dollar deficits into perpetuity beginning two years from now for several years, I believe dating to 2014-5. They categorized them as “unsustainable”, due specifically to health care costs, social security, and interest on the national debt. Whether Trump makes it better or worse remains to be seen.