White House denies 'egregious' budget accounting error

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pauldun170

pauldun170

Diamond Member
Sep 26, 2011
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At this point, they might as well present old Agatha Christie books where half the pages are torn or missing as their plan for everything.



Former US Treasury Secretary Larry Summers pointed out the spending plan double-counts $2tr (£1.5tr).
...
"It appears to be the most egregious accounting error in a presidential budget in the nearly 40 years I have been tracking them," he wrote on his blog.

He said the spending plan was "simply ludicrous".

The budget forecasts about $2tr in extra federal revenue growth over the next 10 years, which it uses to pay for Mr Trump's "biggest tax cut in history".

But that very same $2tr is then used to reduce the budget deficit.

"My observation is that there appears to be a logical error of the kind that would justify failing a student in an introductory economics course," Mr Summers wrote.
http://www.bbc.com/news/world-us-canada-40023720
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trenchfoot

trenchfoot

Lifer
Aug 5, 2000
15,983
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Not even six months into his tenure and the doofus is already neck deep in shit of his own making.

He looks really grouchy as of late. Looks like he's suffering from chronic constipation or he just crapped a pineapple.

He got what he and his supporters wished for. Congrats.

The fools.
 
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