- Feb 12, 2007
- 59,384
- 24,018
- 2,290
He's not cutting anything. The vast majority of the cuts are so far in the future as to be meaningless.
This budget was drafted by the Magic Unicorn. GDP is assumed to be a full half % point above the CBO estimates, so revenues are inflated. There are a ton of tax increases to mask spending increases. The cumulative debt increases by $7T (actually $9T if one adjusts for the inflated GDP growth projections).
This is a shameful display. Quite sad.
This budget was drafted by the Magic Unicorn. GDP is assumed to be a full half % point above the CBO estimates, so revenues are inflated. There are a ton of tax increases to mask spending increases. The cumulative debt increases by $7T (actually $9T if one adjusts for the inflated GDP growth projections).
This is a shameful display. Quite sad.