Trump's budget has $2 trillion basic math error his team is defending
tulc(enjoying a great cup of coffee)
Huh, who doesn't love the old Pee wee Herman "I meant to do that!" defense?Critics are charging that President Trump's proposed budget, entitled "A New Foundation for American Greatness," rests on some shaky math.
President Donald Trump's newly unveiled budget contains a massive accounting error that uses the same money twice for two different purposes. Based on its supersized projections of 3 percent GDP, the president's budget forecasts about $2 trillion in extra federal revenue growth over the next 10 years, which it then uses to pay for Trump's "biggest tax cut in history."
But then it also uses that very same $2 trillion to balance the budget.
tulc(enjoying a great cup of coffee)