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Trump's Budget Guts The Safety Net, And Other Myths
Investor's Business Daily ^ | 5/23/2017 | Staff

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 ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: federalspending; mulvaney; second100days; trump; trumpbudget

1 posted on 05/24/2017 4:36:39 AM PDT by IBD editorial writer
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To: IBD editorial writer

*


2 posted on 05/24/2017 4:48:32 AM PDT by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: IBD editorial writer

Swamp Motto: NEVER act cool, collected and analytical when the situation calls for panic and hysteria!


3 posted on 05/24/2017 7:31:31 AM PDT by FiddlePig (Who needs Truth & facts when you have narrative?)
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To: PMAS

Blmk


4 posted on 05/24/2017 12:37:09 PM PDT by sauropod (I am His and He is Mine)
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