Trump plan boots deficits by 7.5 Trillion

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   Kathleen Cochranposted 9 months ago

   https://www.wsj.com/politics/policy/tru … _permalink

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      tsmogposted 9 months agoin reply to this

      Great article summarizing what the Committee for a Responsible Federal Budget analysis showed. Most certainly both camps may have disagreements with their assessment of their plans. There is a lot to digest with the analysis.
      
      I received it in my email this morning and have been working my way slowly through it. For those interested in CFRB analysis use the link next. It is a very deep dive with plenty of details with analysis and graphics.
      
      The Fiscal Impact of the Harris and Trump Campaign Plans (Oct 7, 2024)
      https://www.crfb.org/papers/fiscal-impa … aign-plans

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         Ken Burgessposted 9 months agoin reply to this

         But in the end it is just guesswork...
         
         In the end it is based on what is proposed, at best, not on what will really happen.
         
         Did Biden-Harris run on spending more money and creating more debt than any Presidency in history in 2020?
         
         I am pretty sure they did not.
         
         But its what they did.

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            Valeantposted 9 months agoin reply to this

            Yeah, if one cannot understand that most of 2021 was part of Trump's final budget year.  Which apparently, MAGA struggles with.

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   Kathleen Cochranposted 9 months ago

   Gift Article - anyone can access it.

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   Valeantposted 9 months ago

   ...and we could all see this happening.
   
   

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   Kathleen Cochranposted 9 months ago

   " the nonpartisan Committee for a Responsible Federal Budget estimates her economic plan would add $3 trillion to the national debt over the next decade. The nonprofit estimates that Trump’s plan would add $7.5 trillion."

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   Willowarborposted 9 months ago

   No thanks...
   
   
   
   
   
   
   https://itep.org/a-distributional-analy … plan-2024/

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      wildernessposted 9 months agoin reply to this

      Much of the "inequity" comes from being unwilling to pay prices that afford a living wage, while demanding a living wage anyway.  Another huge chunk comes from deciding that those that have earned more actually don't have more; it belongs to those that didn't earn it.
      
      I have a hard time being outraged over that.

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         Willowarborposted 9 months agoin reply to this

         But some of the policies he is promoting, deporting millions of people, steeper tariffs, and eroding the Fed's political independence, would have the opposite effects. These three policies combined would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.
         
         A preponderance of economists seem to agree that Trump's plans are a recipe for a weaker  economy, one that is  less competitive and less equal.

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            wildernessposted 9 months agoin reply to this

            Ending the support of millions of illegal aliens has the effect of saving billions per year, after the initial outlay.  It is the opposite...of what?
            
            Steeper tariffs would, eventually, bring business back to America.  Costs rise some, but taxes fall with better and more jobs.  The opposite...of what?
            
            As is SOP, liberals fail to look past today and see what programs bring 5, 10, 20 years down the road.
            
            I fully believe economists will agree that Trump's plans are such a recipe as you say.  I also believe that they are trained, well trained, in looking a year or two, maybe even 5 while assuming no changes happen.  It is the way we think today, from business to government.

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