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[Makonero]

http://nymag.com/daily/intelligence...d2-trillion-math-error.html?mid=twitter_nymag

One of the ways Donald Trump’s budget claims to balance the budget over a decade, without cutting defense or retirement spending, is to assume a $2 trillion increase in revenue through economic growth. This is the magic of the still-to-be-designed Trump tax cuts. But wait — if you recall, the magic of the Trump tax cuts is also supposed to pay for the Trump tax cuts. So the $2 trillion is a double-counting error.

Trump has promised to enact “the biggest tax cut in history.” Trump’s administration has insisted, however, that the largest tax cut in history will not reduce revenue, because it will unleash growth. That is itself a wildly fanciful assumption. But that assumption has already become a baseline of the administration’s budget math. Trump’s budget assumes the historically yuge tax cuts will not lose any revenue for this reason — the added growth it will supposedly generate will make up for all the lost revenue.

But then the budget assumes $2 trillion in higher revenue from growth in order to achieve balance after ten years. So the $2 trillion from higher growth is a double-count. It pays for the Trump cuts, and then it pays again for balancing the budget. Or, alternatively, Trump could be assuming that his tax cuts will not only pay for themselves but generate $2 trillion in higher revenue. But Trump has not claimed his tax cuts will recoup more than 100 percent of their lost revenue, so it’s simply an embarrassing mistake.

Buffoons.

 

[Sunster]

If I can balance a checkbook why can't Obummer balance America!?

 

[SocksAndShoes]

THE BEST ACCOUNTANTS

 

[UnluckyKate]

So... Trickle down economics... 2.0 ?

Because it worked soooo well last time ?

 

[TangoAlphaLima]

 

[Toki767]

Math is hard.

 

[L Thammy]

trump can't count that high on his fingers

 

[GrizzleBoy]

Trump has the biggest numbers.

The biggest.

The bestest.

But nobody knee mathematics was so complicated.

Nobody.

 

[Khalifa Jayy]

Trick Economics.

 

[hawk2025]

The best, most tremendous Laffer Curve.

 

[Angelus Errare]

Trickle down works guys, it just has a 50 year waiting period.

 

[The Guy In Red]

Jesus guys, calm down. Its alternative maths.

 

[SwipeLeftHoney]

I'm speechless... Like seriously, every week just when you think he can't be any dumber. And every week a report comes out that proves me wrong...

 

[SocksAndShoes]

Trick Economics.

And you can't go from Trickle-Down to Trick without first taking the L.

 

[Akuun]

"I had no idea balancing a budget would be so complicated" etc etc etc etc

 

[Steejee]

It's pretty clear that the Trump administration, and Mulvaney in particular, aren't so much math people as magical-laffer-fairy-dust-economics people.

 

[ferr]

Math is hard.

nobody knew math was this complicated

 

[RiverShell]

This admin couldn't manage a Burger King, damn.

 

[kswiston]

Is it a mistake or were they trying to obfuscate their bullshit? It's not like Donald Trump is writing this thing up personally with a calculator app open on his blackberry.

 

[Clydefrog]

Hahaha that's fucking embarrassing!

Ah, shit, these guys run the government.

 

[Angry Grimace]

An inability to count is kind of the basis of trickle-down economics

 

[Muppet of a Man]

Voodoo economics, I believe is the appropriate terminology.

 

[Plinko]

Yeah, this is not a mistake. It is purposeful.

 

[Surfinn]

Trillion? With a T?

That's some error

 

[Deleted member 1235]

isn't this shit the housing crisis 2.0?

what we will do right.... is sell fucked mortgages to poors.... then call that a AAA rating bond and sell that bond to rich people what could go wrong.

Yeah, this is not a mistake. It is purposeful.

which is really my point. it's not the same. But it's the fucking same.

 

[Muppet of a Man]

Trickle down works guys, it just has a 50 year waiting period.

Yes, they wait for all the poor to die over the course of 50 years. Then, the world is conveniently better for them!

 

[iammeiam]

I mean, if this is what his team came up with for the US budget, it makes total sense he doesn't want anybody to see his taxes. I can only imagine how crazy those could get for funny math.

 

[the_batman]

Oh yeah, well what about King Obummer's* death panels and Shillary's emails!


*actual Trump supporters would use a much more hateful term

 

[BitStyle]

Sounds like how Trump would run his budgets

 

[TheCochese]

It was my understanding there would be no math.

 

[PeakPointMatrix]

Well if they all stopped buying avocados they wouldn't be in this mess!

 

[ArkhamFantasy]

Well, americans wanted america run like a big business so..... campaign promise kept.

 

[Dead Prince]

sounds like Obama's fault. amirite.

 

[Muppet of a Man]

Well if they all stopped buying avocados, they wouldn't be in this mess!

excellent (burnsfingers.gif)

 

[subrock]

To be fair, no one knew how complicated the Federal Budget could be.

 

[ebullientprism]

Not an error. Mexico will be paying that.

 

[Bobby Roberts]

Trump's budget is being presented like Smokey trying to count out bills to Big Worm.

 

[JordanN]

Who knew math was so hard?

 

[jelly]

He doesn't care because him and his cronies won't be paying for it just paying themselves.

 

[Animator]

I'm speechless... Like seriously, every week just when you think he can't be any dumber. And every week a report comes out that proves me wrong...

Not every week, every day.

 

[hEist]

Betsy DeVos effect.

 

[kadotsu]

The man lost money in the casino business

 

[Kettch]

When your policy is complete fantasy to begin with, there isn't much reason to use accurate numbers.

 

[Earendil]

And you can't go from Trickle-Down to Trick without first taking the L.

sensiblechuckle.gif

 

[jstripes]

So... Trickle down economics... 2.0 ?

Because it worked soooo well last time ?

Wealth will rain down on the middle class soon enough. Call it Golden Shower Economics.

 

[BobNewbert31]

Trump U degrees?

 

[grap3fruitman]

Why don't poor rich people buy more money?

 

[SporeCrawler]

So... Trickle down economics... 2.0 ?

Because it worked soooo well last time ?

trump up trickle down

 

[MattKeil]

It's only an "error" if you believe it's a mistake. Otherwise this is called "fraud."

 

[Do Better]

So two trillion in lost revenue do to tax cuts will be covered by exactly two trillion in growth over 10 (!) years? I must be a cynic because I think they'll have to cut two trillion worth of things people need to not die.