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To: Innovative

Real cuts or cuts in increases?


56 posted on 02/12/2018 1:51:50 PM PST by redgolum
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To: redgolum; Innovative
cut deficits by more than $3 trillion over a decade

Real cuts or cuts in increases?

They're cuts in a bloated and increasing baseline. Furthermore, those cuts will never occur, at least not close to the level proposed. The only cuts that will occur quickly are the cuts in receipts. The following graph from the budget's historical tables shows that receipts as a percent of GDP are projected to hit the lowest level since 1959, except for the recessions following the tech crash and financial crisis:

Receipts and outlays from 2019 U.S. Budget: 1940-2023

For the numbers and sources, see http://www.econdataus.com/def19.html.

98 posted on 02/14/2018 10:30:58 PM PST by remember
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