PILOT SPIN
Spin Zone => Spin Zone => Topic started by: LevelWing on May 26, 2017, 08:24:58 AM
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President Trump sent his first full budget proposal to Congress this week. It's got some interesting bits in there and some I don't agree with. Notable is the nearly 30% decrease in the Department of State budget which I disagree with, an approximately 10% increase in the Defense budget and lots of cuts to the arts, which I'm fine with. I would actually like to see bigger cuts to the Department of Education.
http://www.cnn.com/2017/05/23/politics/trump-budget-cuts-programs/
All in all it's actually a pretty good budget proposal though it's likely not going far in either chamber of Congress. This is the time for Republicans to step up and do what they were elected to do.
Here is a link to the official White House budget proposal document:
https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/budget.pdf
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I'd like to see a 99% reduction in foreign aid. A 98% reduction to the arts. A 100% reduction in dept. of education. A 75% reduction in food stamps and public housing. And 95% reduction in SSI.
A guy can dream, can't he?
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President Trump sent his first full budget proposal to Congress this week. It's got some interesting bits in there and some I don't agree with. Notable is the nearly 30% decrease in the Department of State budget which I disagree with,
So we should keep sending tax payer's money to other countries as "foreign aid"?
How about keeping that money here and spending on our own aid?
I for one am tired of giving countries that hate us money in hopes of winning favor with them.
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So we should keep sending tax payer's money to other countries as "foreign aid"?
How about keeping that money here and spending on our own aid?
I for one am tired of giving countries that hate us money in hopes of winning favor with them.
I've read that part of the cuts from the State Department are in security. I'll need to go and find that link again. I'll clarify and say that if it's security related cuts, I don't support that. I'm absolutely fine with cutting foreign aid as it's not constitutional and for the most part there's no proof that it actually gives us favor in much of the world. Countries like Mexico absolutely do not need money from us, especially when they're instrumental in the illegal immigration problem.
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Gave it a quick read, would give it 3 stars out of 5 in the Science Fiction category - pretty much like any other Presidential budget. The Republicans have their pet spending ideas, the Democrats have their's, just shifting the costs around, and rosy predictions. Some quick observations.
1.) Any estimate past two years is an educated guess, anything past 5 years is just a plain guess.
2.) The 3% GDP growth rate, while possible, is pretty optimistic. If that doesn't happen, the future year estimates are garbage.
3.) Government spending continues to rise.
4.) Note that the budget still shows revenue from the estate & gift tax, thought the President was going to abolish that.
5.) Since the tax reform is still conceptual, hard to predict the effect. The budget seems to assume that revenues will continue to increase without missing a beat. How the President will implement HUGE tax cuts and still pull that off is beyond me.
6.) There is that 2 trillion in "effect of economic feedback". I've heard that it is the revenue increase that makes the tax cuts revenue neutral. If that is true, then his budget table (S-1) is correct. Not sure you can also then show that 2 trillion as a separate line item on Table S-2 as deficit reduction. That needs clarification.
7.) the "two-penny Plan' (1.4 trillion in savings) is pretty nebulous.
8.) There is still an increase of a trillion dollars in the national debt over the next two years. And continued increases after that.
Guess I'll need to dive in with some more detail later.
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Gave it a quick read, would give it 3 stars out of 5 in the Science Fiction category - pretty much like any other Presidential budget. The Republicans have their pet spending ideas, the Democrats have their's, just shifting the costs around, and rosy predictions. Some quick observations.
1.) Any estimate past two years is an educated guess, anything past 5 years is just a plain guess.
2.) The 3% GDP growth rate, while possible, is pretty optimistic. If that doesn't happen, the future year estimates are garbage.
3.) Government spending continues to rise.
4.) Note that the budget still shows revenue from the estate & gift tax, thought the President was going to abolish that.
5.) Since the tax reform is still conceptual, hard to predict the effect. The budget seems to assume that revenues will continue to increase without missing a beat. How the President will implement HUGE tax cuts and still pull that off is beyond me.
6.) There is that 2 trillion in "effect of economic feedback". I've heard that it is the revenue increase that makes the tax cuts revenue neutral. If that is true, then his budget table (S-1) is correct. Not sure you can also then show that 2 trillion as a separate line item on Table S-2 as deficit reduction. That needs clarification.
7.) the "two-penny Plan' (1.4 trillion in savings) is pretty nebulous.
8.) There is still an increase of a trillion dollars in the national debt over the next two years. And continued increases after that.
Guess I'll need to dive in with some more detail later.
I guess reality and liberal hyperbole is a hard choice for you to make
but
THE ESTATE TAX is the law until it is abolished by congress.
Stay with me here...
CONGRESS is not Donald Trump.
I know hating Donald Trump is paramount in the minds of every democrat. I understand your devotion to the agenda.
CONGRESS is an elected body. Its members are elected along something called a CONGRESSIONAL DISTRICTS.
CONGRESSIONAL DISTRICTS is not another name for Donald Trump.
Other than the horrible years under Obama, three percent is a strong rate of growth. You are confused by the paltry movement along those lines made common by the FORMER President, Obama.
Obama is not another name for Donald Trump.
There is another item in the budget proposed by President Trump that address reducing government. The budget proposes closing down a number of agencies that created by the executive branch but were never approved by CONGRESS.
CONGRESS is not another name for Donald Trump.
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Regarding the estate tax, can't Trump just order the IRS to not enforce the law? Like obama ordered ICE to not enforce immigration? I'm not saying that this is the proper route to get around a bad law, but is it an option?
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Regarding the estate tax, can't Trump just order the IRS to not enforce the law? Like obama ordered ICE to not enforce immigration? I'm not saying that this is the proper route to get around a bad law, but is it an option?
Sure he can. Then some state AG will sue to stop it (in the 9th Circus District) and an activist judge will uphold it.
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Sure he can. Then some state AG will sue to stop it (in the 9th Circus District) and an activist judge will uphold it.
Why would the judge be an activist if he's upholding a law on the books?
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Why would the judge be an activist if he's upholding a law on the books?
Jotting a quick response, I meant the judge would agree with the AG and strike down the order.
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3% GDP growth rate should be doable. After all our inflation rate, which I think is understated is at least 3% for many quarters/years. I'd like to see at least 3.5% growth for a few years. Economically, we've been going backwards in many ways, especially in wage growth.