Home > Uncategorized > President Trump’s Budget Has $2,000,000,000,000 Error… It Should be DOA in Congress

President Trump’s Budget Has $2,000,000,000,000 Error… It Should be DOA in Congress

May 24, 2017

I’ve read scores of articles lamenting the huge cuts to the safety net incorporated in President Trump’s budget along with the huge tax cuts for billionaires and the huge windfall for the military. But Jonathan Chait’s article analyzing the mathematics and revenue assumptions behind the budget in NY Magazine should be front-and-center in any discussions in the budget… because it flags a $2,000,000,000,000 miscalculation! One would think that the Secretary of the Treasury would be concerned about a budget that includes an error of that magnitude… but here’s Steven Mnuchin’s response when the miscalculation was brought to his attention: “This is a preliminary document that will be refined”.

Here’s hoping that it is completely re-worked and level heads prevail when revenues are forecast and safety nets are removed. If not, we’re headed for even darker days.

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