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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's top economics adviser lies about 'rapidly' falling budget deficit
There's just one problem.
RYAN KORONOWSKI JUN 29, 2018, 9:33 AM
Larry Kudlow, the director of the National Economic Council, said that the deficit is coming down rapidly in a Friday morning appearance on Fox Business.
The problem for President Trumps top economic adviser is that the deficit is actually rising.
As the economy gears up, more people working, better jobs and careers, those revenues come rolling in and the deficit, which was one of the other criticisms, is coming down, Kudlow told host Maria Bartiromo. Its coming down rapidly. Growth solves a lot of problems.
However, the deficit is actually increasing, and is projected to do so well into the future. The Congressional Budget Office (CBO) projected as of April 2018 that the FY 2018 deficit is $804 billion. Fiscal Year 2017s deficit was $666 billion, increasing from $586 billion in FY 2016. This leads to an even worse projection for the federal debt. The CBO concluded in a report earlier this week: At 78 percent of gross domestic product (GDP), federal debt held by the public is now at its highest level since shortly after World War II.
https://thinkprogress.org/larry-kudlow-lies-about-federal-deficit-on-fox-business-7f4c5caac6d5/
This is from an asshole that said in 2008 to buy stocks when human beings lost there homes to the tune of millions, and the taxpayers had to pay over 800 billion to bail out derivative based banks stocks ....................that will coming back real soon again...........................because of assholes like this, and the fascists republicans in majority Congress and one fucking Mick Mulvaney attacking the CPFB...............as we speak today..................so Kudlow------------------GO FUCK YOUR SELF and fucking twirl..........
November 2018 cannot get here fast enough......................vote
https://www.timeanddate.com/countdown/election?p0=263&iso=20181106T12&msg=2018%20Midterm%20Elections
gratuitous
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Freethinker65
(9,928 posts)unblock
(51,973 posts)can one fucking twirl when fucking oneself?
does it accomplish anything?
turbinetree
(24,631 posts)impossible..................but with these "guys" anything is possible..................in their world
Wellstone ruled
(34,661 posts)He about as Ignorant about true Economics as they come.