Posted on 05/24/2017 4:36:39 AM PDT by IBD editorial writer
Big Government: President Trump's budget is taking its share of hits for supposedly indulging in fanciful accounting, unrealistic assumptions and proposing massive cuts to vital safety-net programs. How much of that is true? You decide.
Trump's budget plan proposes to balance the federal budget in 10 years and do so entirely through spending restraint. That alone is enough to raise the hackles of the Washington, D.C., swamp creatures. But critics have other complaints. The main ones:
It relies on unrealistic economic projections. Critics say Trump's budget numbers rest on a rosy scenario of future economic growth. The New York Times describes the economic forecast in its news story as "wildly optimistic."
Are they?
It's true that numbers in Trump's economic forecast are rosier than in other long-term forecasts. But that's because Trump expects his policies to increase economic growth.
Even so, Trump's forecast is hardly "wild."
(Excerpt) Read more at investors.com ...
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Swamp Motto: NEVER act cool, collected and analytical when the situation calls for panic and hysteria!
Blmk
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