trump proposes slashing programs to the poor to help the rich

Jugdish · Jul 13, 2017

Pfft, everyone knows CBO scores are notoriously innaccurate.

JuanValdez · Jul 13, 2017

NewRoxFan said: ↑

OMFG... Trump's Budget Director says the Trump budget will work via the magic of MAGAnomics. Do they think this is pre-school?
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Mulvaney puts the "Bud" in BUDget Director.

NewRoxFan · Jul 13, 2017

The budget projections can get much worse than even the CBO projects...

http://jaredbernsteinblog.com/the-d...s-budget-are-much-bigger-than-cbos-estimates/

NewRoxFan · Jul 15, 2017

Meanwhile, Trump's budget deficit grows... "worsening tax revenues"...

White House says budget deficit to be $99B higher this year

The White House says worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That's a $99 billion spike from what was predicted less than two months ago. The report from the Office of Management and Budget comes on the heels of a rival Congressional Budget Office analysis that scuttled White House claims that its May budget, if implemented to the letter, would balance the federal ledger within 10 years. The OMB report doesn't repeat that claim and instead provides just two years of updated projections. The White House budget office also says the deficit for the 2018 budget year that starts on Oct. 1 will increase by $149 billion to $589 billion. But lawmakers are already working on spending bills that promise to boost that number even higher by adding to Trump's Pentagon proposal and ignoring many of Trump's cuts to domestic programs. Last year's deficit registered $585 billion.
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http://www.chron.com/news/politics/...-budget-deficit-to-be-99B-higher-11290645.php

NewRoxFan · Jul 19, 2017

NewRoxFan · Jul 20, 2017

The Fed's Community Advisory Council presents a far more negative view of the Trump budget impact...

FED ADVISORY COMMITTEE: Trump's budget 'will exacerbate disparities' in wages, housing and jobs

The Federal Reserve’s Community Advisory Council (CAC), created two years ago to counter criticism that the central bank was overly dominated by banking and corporate interests, has offered a rather somber assessment of the economy that conflicts with policymakers’ optimism about growth and jobs. In its most recent report, the council said a decent pace of overall economic expansion and employment growth masked deep pockets of weakness among the country’s most vulnerable communities.
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"While capital markets have shown continuing signs of strength, recent budget proposals and executive actions by the new administration, if enacted, would severely constrain capital flow into low- and moderate-income communities," the Fed’s community council said."Proposed cuts to health care, food assistance, and significant cuts in taxes for the wealthy will exacerbate disparities in wages, borrowing, affordable housing finance, and employment across major demographic segments and regions."
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The council argues race-related economic gaps are likely to have a growing impact on the economy because "a large portion of consumers of the future are going to be people of color." For example, seven out of 10 new households over the next 10 years will be non-white, the report says.
"Failing to address these disparities, particularly in segments that are driving the demographic growth in our nation, will likely result in national level economic consequences, including lagging economic productivity and reduced GDP."
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"Radical changes in immigration policy and enforcement are adding to market uncertainty, reinforcing economic disparities for low- and middle- income immigrants and further degrading the capacity of our economy to harness the economic dynamism that immigrants have always brought to our country,” the report said. “There are clear signs of disruptions in industries that rely heavily on immigrant labor (e.g., agriculture and service industries such as restaurants, hospitality, and health care— among others) as well as among immigrant entrepreneurs." This is likely to translate into weaker economic growth and higher prices for consumer in staple products like chicken, pork, and vegetables.
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http://www.businessinsider.com/fed-...7-7?utm_source=feedburner&utm_medium=referral

Invisible Fan · Jul 20, 2017

Aren't the Fed mostly a conservative environment?

conquistador#11 · Jul 20, 2017

Foreign workers for mar a lago. There is that.
My Maid in america program, very beautiful. hands on. Elegant.
Apparently Americans don't want low wages. very obstructionist of these people.
:hand gestures used :

NewRoxFan · Jul 25, 2017

pirc1 · Jul 25, 2017

NewRoxFan said: ↑

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Fake news, United States is on pace for 3-4% growth like president Trump promised during the election and in his budget proposal.

NewRoxFan · Jul 25, 2017

Two republicans caught unaware on a hot mic... they know Trump is crazy, and the budget is a fiasco. Hopefully they do something about it.

Senators on hot mic: Trump is ‘crazy,’ ‘I’m worried’
https://www.washingtonpost.com/news...p-is-crazy-im-worried/?utm_term=.a28cb43cf912

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