Posted on 08/13/2015 11:41:01 AM PDT by RoosterRedux
This was Neal Cavuto last night.
Cutting spending is the ‘touch of death’ for all politicians.
A stated plan to do so is necessary from ALL of them.
Yeah, if he's not interested in making any serious cuts.
word is he just gave warren Buffet big time kudos//
Trump's doing all the right things.
Forbes and Laffler are the tax plan/economy dream team. Would love to be a fly on the glass, at this meeting :)
Of course it is. They would all rather talk about how they're going to eliminate taxes here and raise spending there while at the same time balancing the budget. We're all idiots in their eyes I guess.
Trump had a generally good interview with Hewitt in the last day here, where he stressed that he wanted to simplify taxes and lower rates. He’s not for a flat tax, however, and he qualified his belief in supply side economics as not total.
Should make for an interesting discussion when he meets with Laffer and this group. My understanding has been that candidates have been meeting for a dinner with about 80 members of the press, economists, and whatnot. The more the candidate commits to their take on economic policy, the better.
Or better yet, sit down and order a rare prime rib with them.;-)
Not to mention....how long Trump’s been screaming for a balanced budget? Like since the ‘80s!
Here’s something, from 2011.....
From his Twitter account, @realDonald Trump, he said, “Congress is back. TIME TO CUT, CAP AND BALANCE. There is no revenue problem. The Debt Limit cannot be raised until Obama spending is contained.”
Lol....they were joking about who would pick up the check ;) They wouldn’t notice little ol’ me sitting there, listening in, and ordering a tenderloin salad!
Kudlow, also part of the group, seems to be happy with 1) lower corporate taxes, 2) lower income taxes, and 3) a 4% (Steve Moore I think likes 5%) stated growth target.
I think he’s picked the right advisors there.
That is somewhat important, but what really needs attention is cutting spending and reducing the size of government. Eliminate Departments of Energy, Education, Homeland Security etc. Then eliminate rules, regulations and laws that keep the private sector from doing it job of creating new businesses and jobs.
Forbes fan club. Me too.
OK so you get rid of the EPA and eliminate the IRS; you've just saved about $20 billion. I'm guessing that Trump's increases in defense and veterans spending will more than consume that amount of savings. The Department of Education spends about $75 billion, but the bulk of that goes to the states for their schools. I'm assuming that the states will want to continue to receive the funding rather than have to increase their own taxes, so the acutal savings would be, maybe, $25 billion? All totalled doing away with those three agencies will reduce the existing deficit by about an eighth, less the spending increases elsewhere. What about the rest? He has a budget to balance after all.
When was the last time we had a 4% growth rate, much less a 5% one?
I like Steve Forbes. I went to a Heritage luncheon a few years ago in Buckhead and Forbes was the speaker. He was warning at the time that if Obama got elected it would be a disaster.
Fine. Where?
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