If Trump thinks he can get more than 3% economic growth, he's dreaming

You brought up annual GDP to divert attention from Trump reaching 4% plus quarterly GDP. I merely expounded on your own diversionary tactics.

 

Not just Obama made that claim:

Separating fact from fiction: The Myth of 3% GDP Growth

The Trump administration releases their budget, but the numbers are based on an major assumption. MSNBC's Stephanie Ruhle explains why relying on a 3% growth rate for our GDP is just "pie in the sky."

https://www.nbcnews.com/dateline/video/the-mythical-3-gdp-growth-954314307998

 

And getting worse under trump then what it was the last years under obama . Strange as he not only promised to reduce and get rid of the deficit, he promised he would eleminate the debt in 8 years.

Guess that promise wasnt that important .

 

Yep as I was saying trump got higher deficit spending then obama's last years and about simular growth.

 

My posts have addressed both the quarter reports and annual reports by distinguishing the two.The problem with your analogy is it completely ignores the part where the two were confused, which is pretty obtuse considering that said misunderstanding is essentially what the topic of this thread is based around. For example, the reference in the OP to what economist Jason Furman said about 3% GDP growth, what he was referring to was annual growth, not quarter reports

Once again, you are ignoring your own lack of understanding from annual GDP growth from quarter GDP growth. Contrary to what has been suggested, economists like Jason Furman were not claiming that a 3% qtr report would be unachievable, as 3% qtr reports are quite common. Rather than address the confusion, you are attempting to divert attention elsewhere. You're pretending that the OP was discussing the 4% quarter report, when in actuality the OP was centered around previous statements regarding annual GDP growth. In fact, the OP doesn't even mention the recent 4% quarter report

 

In bold, that was intentional on the part of the "OP".

 

The year is not over yet.

 

Yeah, like I said, spending is out of control and has been for decades. Don't act like spending cuts would be met with bipartisan approval, lol.

 

Just pointing out what trump/GOP promised and then about immediatly broke .

 

Im agreeing with you, but pointing out your hypocrisy in that you would oppose the spending cuts.

 

Depends on where they would be cutting, I do wonder how you think to know my position on that. Psychic? Crystal ball?

 

I've read your posts. I feel fairly confident in my assessment. Considering the vast majority of federal spending is entitlements, the cuts would have to be mostly there.

 

Depending on how/where you cut entitlements can also be cut.

I doubt you have a clue what I support/want.

 

You know that was 100% out of context, and you’re still repeating a lie?

“Mission accomplished” was for the Aircraft Carrier completing its 6 month tour of duty in a war zone. Bush visited the ship to give a speech.

 

On the other hand, 3.1% growth has been achieved over the most recent four consecutive quarters (aka: "a year").

 

Why do you guys keep bringing up that canard?

 

Ans where do the biggest increases in projected spending come from?
Pensions
Healthcare
Interest on the debt
https://www.usgovernmentdebt.us/federal_budget_detail

So how do we cut those increases?

 

NO! That can't be true!

"Nobel Prize-winning economist Paul Krugman, distinguished professor of economics at the Graduate Center, City University of New York, comments on the prospects for U.S. economic growth during an interview with Bloomberg's Scarlet Fu and Joe Weisenthal on "What'd You Miss?" (Source: Bloomberg)".

BLOOMBERG, Economist Paul Krugman Says GDP Won't Grow by 3%, March 1st, 2017.
https://www.bloomberg.com/news/vide...t-paul-krugman-doesn-t-see-return-to-3-growth

 

Large part is the trump tax cut/trickle down II & GOP budget.

"The combined effects of Donald Trump’s tax cuts and last month’s budget-busting spending bill is sending the US budget deficit toward the $1tn mark next year, according to a new analysis by the Congressional Budget Office."


https://www.theguardian.com/us-news/2018/apr/09/us-deficit-trump-tax-cuts-trillion-cbo-projection

 

Try again

Where do the biggest increases in projected spending come from? What areas of spending?

Pensions
Healthcare
Interest on the debt
https://www.usgovernmentdebt.us/federal_budget_detail

So how do we cut those increases?

 

I listed the largest increases, how do you propose we cut or at least slow the growth in the spending in those areas?

 

Why? Because you dont like it?

Again I gave you what CB says are the reason for the increase.

If you have other data or numbers do give them.

"The combined effects of Donald Trump’s tax cuts and last month’s budget-busting spending bill is sending the US budget deficit toward the $1tn mark next year, according to a new analysis by the Congressional Budget Office."

Is quite clear.

 

No you listed some programs claiming they are the largest increase something the CBO doesnt agree with . Again if you have data showing the sudden increase in Pensions/Healthcare/intrests (strange this would suddenly add a few hundred billion to the deficit) do give them.

 

I gave you the link based on the Summary of Receipts, Outlays, and Surpluses or Deficits (–): 1789–2023 OMB and where the huge increases will come from.

Pensions
Healthcare
Interest on the debt
https://www.usgovernmentdebt.us/federal_budget_detail

So how do we cut those increases?