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@ Joker
2025-06-09 05:08:21
Trump Manufactures A Crisis In L.A. To Distract From Missing White House Economic Forecasts😹😂🤣
Last Friday, when President Donald Trump’s 2026 full budget was released he conveniently forgot the actual economic forecasts.😵💫😟🤬
“It is exceedingly rare, and even unheard of, for the White House to propose major economic policies without presenting Congress with projection baselines for the economy,” said Jessica Riedl, a senior fellow at the Manhattan Institute and a former Republican Senate staff member.
Related:
* Federal Deficit Attention Disorder Or #FDAD
* U.S. Deficit Tops And Stays Above $1.9 Trillion
* Trump To Propose $4.8 Trillion Budget With Big Safety-Net Cuts
* Bond Yields Sink To New Lows And Federal Deficits Skyrocket As Bitcoin Climbs
* US Treasury Plans Increased Auctions to Fund Looming Trillion-Dollar Deficits
* Washington Has Learned To Love Debt And Deficits
* U.S. Government Deficit Grew 17% In Fiscal 2018 Sets A Record
* Donald Trump’s WH Projects $1 Trillion Deficit For 2019
* Budget Deficit Grows While Stocks And Bond Yields Fall, Negative Interest Rates Spread!
Riedl says, “If the White House is confident in its economic predictions, it should put out a detailed explanation and breakdown of the sub-factors that comprise them.”
Michael Feroli, chief US economist at JPMorgan Chase, says, “It doesn’t look good. Just hard to understand how you can project things like tax revenues without projecting national income.”
The White House said it would only release projections — which span gauges from GDP and interest rates to the fiscal deficit and debt — after Congress passes Trump’s tax bill.
“It would not be accurate or appropriate to estimate deficits while Congress and the president are still negotiating,” said Rachel Cauley, the Office of Management and Budget’s communications director.
A giant pending tax bill didn’t prevent Trump’s first administration from releasing forecasts in May 2017.
Riedl also points out that Barack Obama, taking office in 2009 during the financial crisis and a deep recession, still offered preliminary projections, in February, before enacting his stimulus package.
Remainder Of The Article: US Deficit Will Be At Least 6 Times Bitcoin Market Cap — Every Year: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/us-deficit-will-be-at-least-6-times-bitcoin-market-cap-every-year/
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