The Truth About the Trump Budget

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tsuke

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https://tsukesthoughts.wordpress.com/2017/05/29/the-truth-about-the-trump-budget/

The Truth About the Trump Budget

The Democrats are up in arms about the Trump budget. Cruel, Barbaric, Mean are some of the nicest words they have used to describe it and it just goes downhill from there. As usual the spokespeople of the Trump administration have not been able to defend the budget effectively so it falls upon independent bloggers like me to get the truth out the best I can. On a side note I am convinced Trump would be better served if he outsourced his messaging to independents , 4chan, and reddit. We would do a better job than his current team.

The primary line of attack the democrats are using is that President Trump is cutting 800 billion dollars from Medicaid therefore he is throwing grandma off a cliff. This is not true. The budget actually adds more money to medicaid and other entitlements every year. This is what is actually happening. There is a projection of how many people would be enrolled for Medicaid in the future and that medicaid would need a certain amount of money in the future. If you allocate less than that then the democrats deem it as a cut. If you are on medicaid this year and next this will not affect you.

Philosophy

The philosophy behind the budget plays a major part in the conflict here. When democrats and republicans make a budget they expect that the amount of people seeking entitlements will increase or stay at the same pace that they are now. When Trump and sane republicans make a budget they expect that this budget will help people earn more money and therefore this will reduce the number of people who rely on entitlements or at the very least slows the growth of the enrollees.

The budget is the blueprint of your plan for the economy. It is what you would like the economy to achieve. With the plans they present if the democrats are successful then you would have more people enrolled via welfare than ever. If the Trump plan is succesful then you would have fewer people enrolled for entitlements. Remember the budget is only supposed to be for one year. If it turns out the projections are not working then you can always add more money in the future. In essence the democrats want people mired in poverty and living of entitlements while Trump and sane republicans are taking a risk to lift them out of it.

Debt

At this point in the conversation it is usually the Republicans that cry out. What about the debt? If the plans to remove more people from entitlements fail then the deficit will be higher than ever. This is true, but then so what?

One thing that republicans don't like to admit is that if Romney had won the debt would still have gone up. It may not have doubled like it did under Obama but it would still have gone up. If you put the most committed deficit hawk in power during the time of Obama the debt would have still gone up. At the end of the day any meaningful attempts to tackle the debt and deficits will have to go through entitlement reform. That is only possible if people are earning enough that they get out of it and are able to look at it objectively. Presiding over 8 years of supposedly massive growth while ordinary people have the same income they did when your massive growth started will not help it. If we have budgets that promote the status quo where we add more and more people to welfare then nothing will change and the problem will get worse. At some point we have to take the risk and try to lift people off poverty so they no longer need entitlements. Only then will they agree to change it.

Stimulus vs Tax Cut

Everyone democrat who was wildly applauding the stimulus by Obama is now staunchly opposed to the tax cuts by President Trump. The tax cuts and stimulus achieve the same thing. They stimulate the economy by making more money available to people. In the stimulus companies were able to stay open and keep paying their employees while others were able to expand and with tax cuts the same results are achieved.

There is one major difference that has to be pointed out. With the stimulus you gave all the benefits up front. Each company was handed a sack of money from the Obama administration. If the companies did not live up to their end of the deal then there was nothing Obama could do. Incidentally this is also the problem a lot of people have with the Iran deal. Tax cuts are different. They are not sacks of money to be handed out but rather promises that we will not take as much of their income in the future. It is implied that we are doing this so they can employ more Americans and offer higher wages. If this does not materialize then we can always remove the tax cuts.

In the past tax cuts were given but America was not a competitive place to invest in. Companies instead invested in India, China, and other countries. In effect our tax cuts funded their growth. To be completely fair with the corporations it is very hard to invest in a place that says on paper it will take 39.1% of your profits when other places say they will only take 15-20% sometimes less. It is time we used tax cuts to fund our growth.

The Trump budget is good enough. Something needs to be done to attempt to lift people up from poverty. If we keep doing what we have done before we will only achieve the same results.
 
the right has short bus school of economics ideas



dear fucking idiot


Austrain school of economics is a JOKE


it has never in the history of man worked like you right wing idiots claim it does.




NEVER



its fucking lies you dupe
 
Everyone democrat who was wildly applauding the stimulus by Obama is now staunchly opposed to the tax cuts by President Trump. The tax cuts and stimulus achieve the same thing. They stimulate the economy by making more money available to people. In the stimulus companies were able to stay open and keep paying their employees while others were able to expand and with tax cuts the same results are achieved.
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pretty much..
what get me is we have an ENTITLEMENT CRUNCH coming up, and the only way to avoid even worse cuts is to grow GDP.
 
"The tax cuts and stimulus achieve the same thing"


a fucking lie with NO basis in FACT


your fucking lies don't fly anymore butt hole boy
 
evince said:
"The tax cuts and stimulus achieve the same thing"
a fucking lie with NO basis in FACT
your fucking lies don't fly anymore butt hole boy
Click to expand...
they are both Keynesian.
but the main idea is we have to grow GDP - tax reform is needed there..
 
We are at full employment. There is absolutely no need to stimulate the economy. It's a waste of money. Tax cuts are a horrible way to stimulate as well since they transfer poorly to aggregate demand. And these tax cuts are not temporary, they are on a permanent basis, so they cannot be called stimulus either. The stimulus bill leveled off.
 
anatta said:
they are both Keynesian.
but the main idea is we have to grow GDP - tax reform is needed there..
Click to expand...

Keynes believed in stimulating aggregate demand during a recession via direct governments spending. No one in their right mind would tell you to stimulate aggregate demand via tax cuts at full employment, because it's fucking retarded.
 
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From http://www.cnbc.com/2017/05/23/trum...and-you-cant-handle-the-truth-commentary.html

America finally has something it's needed for decades: A budget that starts to tell the truth. And some people don't seem to be able to handle the truth. But they need to start.

The truth is coming in the form of the White House budget that calls for major cuts to entitlement programs that are not sustainable, taxes that punish productivity and growth, and the fundamental understanding that politicians cannot be trusted to spend our money.

That is, it at least begins to deliver the truth.

Let's start with what it gets right in the reality department. The screaming headlines are all about that truth right now as every major news outlet has chosen to focus on the cuts the Trump budget makes to food stamps, Medicaid, student loans, and agencies like the EPA and the Department of Education. Do any of those articles or the angry members of Congress quoted in them include anything about how these spending programs are unsustainable as they are now anyway? Do they include any arguments about how the overstretched "safety net" of welfare programs provides aid to too many people who aren't actually poor, thus reducing the amount of funds available for the truly needy? Do they include any of the arguments that so many federal agencies like the EPA and the Education Department aren't truly needed in their current sizes? How about some information on how student loan guarantees from Washington are a major source of tuition inflation?

Don't be ridiculous.

But the Trump budget does just that by simply calling for those cuts because "ridiculous" is really the best word to describe anyone who thinks continuing to promise the American people unicorns like the massive increases to the budgets of all the above-mentioned programs aren't going to crowd out spending for almost anything else. The truth can be harsh, but ultimately it's kinder than having our presidents and members of Congress continue to lie to us. The unicorns aren't coming, and it's time for our elected leaders to stop pretending only the politically easy-to-cut programs should go.

It's time to stop throwing the word "poor" around like it's nothing. The fact is, way too much of the so-called "safety net" has been stretched to people who are not poor by most definitions and are thus siphoning vital funding away from those who are truly at the economic bottom. Specifically, this problem has manifested itself with the massive expansions in the number of people on food stamps and taking federal disability payments that has not subsided even with the economic recovery coming out of the Great Recession.

This says nothing of the significant fraud in these systems that such a bloated enrollment makes inevitable. 10 percent of Medicaid payments were found to have been improper in 2016 alone, according to the Government Accountability Office. That's $36 billion, for those of you counting at home.

The massive expansions of just about all of the programs the Trump plan seeks to cut have led to a growing number of unemployed people in America who are just getting by on various forms and levels of government assistance. This puts an undue level of new strain on the people who actually are working and paying payroll and other taxes to prop up the rest of the country. Yes, Mitt Romney was roundly pilloried when he complained that 47 percent of the people would never vote for him because they pay no federal taxes. But what part of what Romney said was factually wrong? What part of what he said wasn't indicative of an unsustainable political and economic reality? The Trump budget at least starts to tell us the truth about what benefits can survive even in the short-term future.

And there's another harsh but crucial reality in the Trump budget — it knows where the money comes from. Taxpayers. Somehow, prioritizing the people who actually provide us the money to spend in Washington has been portrayed as selfish or mean.

Now, let's get to what the Trump budget gets wrong. In short, it still isn't "harsh" enough. So far, we have no details of any reforms to the three biggest problems in our budget: Medicare, Social Security, and Defense. No real anti-deficit and pro-taxpayer moves can be made permanent until all three of those programs are reformed and essentially cut. It's not surprising the White House plan doesn't make the hard choices on that three-headed fiscal monster considering it would make the current political firestorm over his other cuts look like a small campfire.

The political class and the news media remains convinced that the public will never accept even the slightest cuts or even any significant changes to those programs, but that's just plain wrong. 41 percent of Americans don't believe that Social Security will even exist when they retire, according to a survey by the Pew Research Center. Are we supposed to believe that they won't stand for changes to a program they don't expect to be around for much longer? Politicians simply don't want to bother to make those tough choices and they're hiding behind the voters to avoid them.

But first things first. You have to start telling the truth somewhere, and the Trump budget does the most truth telling since at least the cut-heavy Reagan budget in 1981 that helped launch a major economic expansion. Our debt is about $20 trillion, and the number of unfunded liabilities coming due in the future have some experts pegging our real debt at more like $200 trillion. There's not enough taxpayer money in the universe to cover those costs.

With these harsh truths in mind, we have to remember that a budget that doesn't make the harsh cuts Trump's does simply isn't realistic. Oh, and there's no such thing as unicorns either.
 
http://www.cnbc.com/2014/09/05/im-a-conservativein-favor-of-welfarepoliticscommentary.html



I'm a conservative...in favor of welfare!
Jake Novak | @jakejakeny
Friday, 5 Sep 2014 | 4:09 PM ET
CNBC.com
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SHARES


















Debating economic policies has become so murky that both political parties are resorting to oversimplified messaging and "wedge issue" campaigning.




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Heck, let's face it, politicians really aren't likely to do anything to improve our economy let alone enact policies that really elevate the poor out of poverty. And that's just fine, because it would be political suicide and just improper for any elected official to tell the truth about what's dragging down so many of our people. But somebody has to do it.
So here goes: What poor Americans need is more welfare!
Yep, I'm a conservative and I said it. But what I mean is that conservatives need to do a better job of delivering a neverending stream of real welfare in the literal sense of the word to America's poor. And they must be willing to bear the political and financial cost of delivering that welfare because it's worth it.
Read MoreWhy rich candidates can't get elected
The literal meaning of welfare is: "The health, happiness, and fortunes of a person or group."
But the practical reality is that welfare in America is simply the doling out of benefits tantamount to something like reparations simply for being poor.
 
Plus Trump assumes shit like massive uncalled for economic growth out of nowhere, twice, to help pay for massive stupid tax cuts. It's the least grounded in reality of any budget of all time. Only someone stupid enough to vote for Trump could actually believe in it. It's also going nowhere. The legislature is going to wipe their ass with it and then write their own one - which they're going to have to rely on Democrats to do, thanks to the Freedom caucus.
 
(((GLOBALIST))) said:
Keynes believed in stimulating aggregate demand during a recession via direct governments spending. No one in their right mind would tell you to stimulate aggregate demand via tax cuts at full employment, because it's fucking retarded.
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if we were truly at full employment everyones wages would be rising as there would be massive competition for the available workforce. Instead you have illegals with jobs counted and people with 2-3 jobs counted twice or thrice. Which explains why wages are flat.
 
(((GLOBALIST))) said:
A budget that tells the truth would raise taxes.
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why would you raise tax? If we were at full employment then that means everyones wages would be rising as employers struggle to keep them which means more people will be lifted from poverty and leave entitlement programs.
 
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