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[Laevateinn]

It's rude to call this a math error when $2 Trillion is a conservative estimate for growth due to unicorn sales.

 

[mavo]

Sounds like wishful thinking and finger in the air estimates.

 

[Oblivion]

Also, too. Even conceptually, the idea of TDE is run under a misleading premise: the idea that if our benevolent job creators simply had more money, then OBVIOUSLY they will use that extra money from tax cuts to give to their employees or hire new employees. Because that's how businesses work, right?

Imagine you have a guy who owns a small little grocery store or whatever. He only has need for one employee, and that's basically to handle the register. If he literally had to pay ZERO dollars in taxes, would you expect him to hire more people? Why the hell would he when we just mentioned that he only has need for one employee?

Also, employee salaries aren't effected by employer taxes anyway, so....

 

[LegendofLex]

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.

It's worse than that.

The underlying assumption is not just $2 trillion in growth to cover the loss in revenue from tax cuts...

it's an additional $2 trillion in growth on top of that to completely balance the budget.

So Trump is assuming $4 trillion in economic growth.

And on top of that Trump is omitting additional trillions in proposed tax cuts from his budget.

 

[kevin1025]

I shall deem this... trickonometry.

(This is probably already a thing.)

 

[efyu_lemonardo]

Thanks, I needed a good laugh!

Then I remembered this is real life... I should go lie down

 

[Wag]

THE BEST ACCOUNTANTS

I've got black accountants at Trump Castle and at Trump Plaza. Black guys counting my money," Trump said, according to the 1991 biography. ”I hate it. The only kind of people I want counting my money are short guys that wear yarmulkes every day.

Clearly the black's fault.

 

[.JayZii]

"I can't do math either, I like this guy's style", said idiots.

 

[Kevtones]

when Trump changes US currency to Paddy's Bucks it'll all make sense

 

[SoundofSilence]

Makes sense.

 

[finley83]

Wait, I think we're approaching this wrong. Maths is wrong and needs to be reevaluated on a fundamental level. This explains why Trump's hands are always seen as small when in fact they are enormous.

 

[i-Lo]

Trump's english vocabulary and his team's math skills are reflective of the country's education system.

 

[Mr. X]

Mistake is intellectually dishonest, this is accounting fraud.

 

[SaviourMK2]

Math has been very unfair to Donald, very unfair. No politican has ever been treated so unfairly by math. Disaster!

 

[.Detective.]

Also, Simpsons right again.

Came into thread expecting a variation of this image/quote.

Left satisfied.

 

[Morrigan Stark]

In-fucking-credible

 

[Helznicht]

I shall deem this... trickonometry.

(This is probably already a thing.)

Amazing, thanks...

 

[Tovarisc]

Trump Budget Director: We Didn’t Make a Childish Math Error! (They Did.): http://nymag.com/daily/intelligence...rector-denies-making-childish-math-error.html

 

[gaugebozo]

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

Boy, that would have been better than "Trumped up trickle down."

 

[red731]

Trump Budget Director: We Didn't Make a Childish Math Error! (They Did.): http://nymag.com/daily/intelligence...rector-denies-making-childish-math-error.html

Mick Mulvaney: I was told there would be no math.​

​

 

[BoogieWoogie]

My wife works for the Center for Disease Control. She talked with me this morning about their all hands meeting wherein their higher ups had to talk about the 17% (!!) cut to the CDC proposed by Trump. Some things Trump wants to get rid of include heart disease prevention, epilepsy research, breastfeeding support, and cancer research to name a small fraction.

If this monstrous bill passed, she'd be out of a job. I fucking hate Trump with the fury of a thousand suns.

 

[Condom]

A businessman in the white house and it is showing

 

[Drencrom]

Huh, who would've thought that the incompetent businessman would be incompetent at economics?

 

[Rockin' Ranger]

Math is hard.

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

It's coming any day now.

 

[Curufinwe]

Lawrence Summers has some thoughts.

https://www.washingtonpost.com/news...t-is-simply-ludicrous/?utm_term=.8e2642b5c561

Details of President Trump’s first budget have now been released. Much can and will be said about the dire social consequences of what is in it and the ludicrously optimistic economic assumptions it embodies. My observation is that there appears to be a logical error of the kind that would justify failing a student in an introductory economics course.

Apparently, the budget forecasts that U.S. economic growth will rise to 3.0 percent because of the administration’s policies — largely its tax cuts and perhaps also its regulatory policies. Fair enough if you believe in tooth fairies and ludicrous supply-side economics.

 

[Mr.Shrugglesツ]

I have a plan to dunk a basketball. First, I'll grow a foot taller. Then, I'll recapture the athleticism of my youth, so I can jump a lot higher. I didn't say I had a serious plan—just a plan.
...
Numbers that huge tend to melt into abstraction. And the media will help downplay them by declaring the Trump budget dead on arrival in Congress, as if the fact that it won't be rubber-stamped into law means that nothing in it matters. But a presidential budget is a detailed blueprint for governing—and in this case, the blueprint has a fair amount in common with blueprints offered by the Republicans who still control Congress. It matters for policy and it matters for politics.
...
The senior OMB official told me those nonpartisan analysts are all jumping the gun, because the administration really does intend to propose tax increases large enough to offset the tax cuts it has already proposed. It just hasn't decided which loopholes and deductions it wants to close, so it didn't mention them in its budget. ”What the budget is saying is that tax reform will be paid for," the official said. ”There's a large conversation to be had about how we're going to do it."
...
”Give me a break," one congressional Republican appropriator told me. ”A lot of the discretionary spending is already squeezed. You can't get blood from a stone."

http://www.politico.com/magazine/story/2017/05/23/trump-budget-scam-215183