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turbinetree

(24,631 posts)
Fri Jun 29, 2018, 02:41 PM Jun 2018

Trump'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 Trump’s 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. “It’s 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 2017’s 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


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Trump's top economics adviser lies about 'rapidly' falling budget deficit (Original Post) turbinetree Jun 2018 OP
Next up on "Both Sides Now and Forever": Is 804 bigger than 586? Opinions differ! gratuitous Jun 2018 #1
Alternative facts Freethinker65 Jun 2018 #2
a couple technical questions: unblock Jun 2018 #3
I don't know I have never tried to do that, I understand it is physically turbinetree Jun 2018 #4
Did you expect any different answer form Kudlow. Wellstone ruled Jun 2018 #5

gratuitous

(82,849 posts)
1. Next up on "Both Sides Now and Forever": Is 804 bigger than 586? Opinions differ!
Fri Jun 29, 2018, 02:44 PM
Jun 2018

Tune in for an informative and lively half hour of discussion.

turbinetree

(24,631 posts)
4. I don't know I have never tried to do that, I understand it is physically
Fri Jun 29, 2018, 02:57 PM
Jun 2018

impossible..................but with these "guys" anything is possible..................in their world




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