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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
President Trumps Economic Plan
Posted by:
TimeToSortIt Out BRa
()
Date: November 11, 2016 09:02AM
Donald Trump’s tax cuts would result in $6 trillion in lost revenue over the next decade, according to several independent analyses. His advisers disagree. They claim Mr. Trump’s entire program, including trade, regulation and energy, not just taxes, would generate so much growth there would be almost no increase in the deficit.
Their math doesn’t add up.
It rests on aggressive, tenuous or flawed assumptions: that deficits caused by tax cuts don’t raise interest rates; that removing regulations adds directly to gross domestic product; that oil and gas companies will rush to drill on newly opened federal land regardless of energy prices; and that protectionism expands the economy even if U.S. companies and workers are already working flat out.
http://blogs.wsj.com/economics/2016/10/18/donald-trumps-economic-plan-up-close-doesnt-add-up/
Their math doesn’t add up.
It rests on aggressive, tenuous or flawed assumptions: that deficits caused by tax cuts don’t raise interest rates; that removing regulations adds directly to gross domestic product; that oil and gas companies will rush to drill on newly opened federal land regardless of energy prices; and that protectionism expands the economy even if U.S. companies and workers are already working flat out.
http://blogs.wsj.com/economics/2016/10/18/donald-trumps-economic-plan-up-close-doesnt-add-up/
Re: President Trumps Economic Plan
Posted by:
Chamber of Uncommerce
()
Date: November 11, 2016 09:33AM
TimeToSortIt Out BRa Wrote:
-------------------------------------------------------
> Donald Trump’s tax cuts would result in $6
> trillion in lost revenue over the next decade,
> according to several independent analyses. His
> advisers disagree. They claim Mr. Trump’s entire
> program, including trade, regulation and energy,
> not just taxes, would generate so much growth
> there would be almost no increase in the deficit.
>
> Their math doesn’t add up.
>
> It rests on aggressive, tenuous or flawed
> assumptions: that deficits caused by tax cuts
> don’t raise interest rates; that removing
> regulations adds directly to gross domestic
> product; that oil and gas companies will rush to
> drill on newly opened federal land regardless of
> energy prices; and that protectionism expands the
> economy even if U.S. companies and workers are
> already working flat out.
>
> http://blogs.wsj.com/economics/2016/10/18/donald-t
> rumps-economic-plan-up-close-doesnt-add-up/
And what exactly do we have to show for the $10 trillion the current president threw around? All Wall Street wants is free money from the government so they can use it to buy their stocks and prop up their stock prices so they can keep their unjustifiable, multi-million dollar salaries until they get out before it all comes crashing down. No one gives a shit what the WSJ is shilling anymore
-------------------------------------------------------
> Donald Trump’s tax cuts would result in $6
> trillion in lost revenue over the next decade,
> according to several independent analyses. His
> advisers disagree. They claim Mr. Trump’s entire
> program, including trade, regulation and energy,
> not just taxes, would generate so much growth
> there would be almost no increase in the deficit.
>
> Their math doesn’t add up.
>
> It rests on aggressive, tenuous or flawed
> assumptions: that deficits caused by tax cuts
> don’t raise interest rates; that removing
> regulations adds directly to gross domestic
> product; that oil and gas companies will rush to
> drill on newly opened federal land regardless of
> energy prices; and that protectionism expands the
> economy even if U.S. companies and workers are
> already working flat out.
>
> http://blogs.wsj.com/economics/2016/10/18/donald-t
> rumps-economic-plan-up-close-doesnt-add-up/
And what exactly do we have to show for the $10 trillion the current president threw around? All Wall Street wants is free money from the government so they can use it to buy their stocks and prop up their stock prices so they can keep their unjustifiable, multi-million dollar salaries until they get out before it all comes crashing down. No one gives a shit what the WSJ is shilling anymore