Trumponomics Phony Math: We Double Counted Twice on Purpose
After running against cuts to entitlements, Trump’s budget takes a meat axe to Medicaid-between the TrumpCare monstrosity that has the dreaded CBO numbers coming out today-to Trump’s own new budget, Trump is basically calling for cutting Medicaid in half.
Why won’t Paul Ryan take Russia treason seriously? He’s licking his chops at this kind of carnage:
“The Congressional Budget Office will release its score of the GOP health-care bill today, and whatever the details, it will confirm once again that the Republican plan would cut hundreds of billions of dollars from Medicaid, leaving many millions uncovered. This, plus continued discussion of President Trump’s budget — which would heap a whole array of other cuts on top of that — will demonstrate that Trump is fully committed to a truly transformative downsizing of social programs that help lower-income people, packaged with an enormous tax cut for the rich.”
Remember when Trump ran against Paul Ryan?
“Trump took great pains to distinguish himself from Paul Ryan and limited-government Republicans by vowing no cuts to Medicaid, Medicare and Social Security, staking out an ideologically heterodox posture that likely helped boost him among working-class white voters. Obviously, that’s no longer operative.”
“The White House has an explanation for Trump’s reversal on Medicaid. Asked by John Harwood to explain the flip, budget director Mick Mulvaney claimed the promise was supplanted by Trump’s promise to repeal and replace Obamacare. This is nonsense: As Brian Beutler explains, Mulvaney “layered a lie of his own on top of Trump’s,” because Trump’s budget cuts to Medicaid “go hundreds of billions of dollars beyond phasing out Obamacare’s Medicaid expansion.”
“Mulvaney’s definition of compassion seems to be the more you cut and the more people booted off government programs, the more you care.”
Mulvaney repeated the statement he made yesterday, “The White House will no longer measure compassion by the number of programs we have or the number of people on those programs.”
Mulvaney vows to not kick any ‘deserving’ person off of ‘any meaningful program:
- Medicaid and Social Security: Mulvaney said these are the two programs in mandatory spending that the budget department didn’t touch. “We are not going to kick any deserving person off of any meaningful program.”
Mighty white of him. What about not kicking any person in need off the programs? That’s a better gauge than Mulvaney, Ryan, and Trump deciding who’s ‘deserving.’
Mulvaney also has a new version of fuzzy math:
Amazing use of brackets in Axios this morning. pic.twitter.com/L4i5zSULhH
— Brendan Duke (@Brendan_Duke) May 24, 2017
Politico on Trump and Mulvaney’s willful attempt to mislead:
“On the campaign trail, candidate Donald Trump said he would eliminate the national debt “over a period of eight years.” But his first budget as president would increase the debt by more than $3 trillion—and that’s only through rosy assumptions about economic growth and double-counting of tax revenue.”
“Despite these budget gimmicks, the White House is touting the 62-page plan as a model of fiscal responsibility, criticizing the Obama administration’s spending and promising that the Trump administration “will restore fiscal discipline and make the hard decisions to put our country on a path to repay the debt in full,” according to a fact sheet accompanying the budget. Mick Mulvaney, the White House budget director, told reporters Tuesday that the blueprint was a “Taxpayer First” budget.”
“On paper, Mulvaney is right: under Trump’s plan, the government would have a $16 billion surplus by 2027; during the 10-year budget window, the annual deficit would average 1.4 percent of GDP, less than half its 2016 level. And the U.S. debt-to-GDP ratio—a measure of the country’s ability to pay its debt—would fall from 77 percent in 2018 to under 60 percent in 2027, according to White House figures.”
“But those figures are, at best, misleading and, at worst, a willful attempt to deceive Americans about the true fiscal implications of Trump’s agenda. The budget uses an optimistic assumption about economic growth, which few economists believe is realistic, and assumes the president’s tax plan is deficit-neutral, despite independent scores that the plan would reduce revenues by around $5 trillion. Worse, it double counts up to $2.1 trillion in revenue, a blatant accounting error. Corrected, the $5.6 trillion in savings could disappear entirely; in fact, Trump’s budget may even increase the debt.”
So it increases the debt while at the same time cutting Medicaid with a meataxe.
Mulvaney does take issue with the estimate being used for the amount of Medicaid cuts. The estimate widely given was $800 billion dollars.
Mulvaney doesn’t like that number.
Mulvaney says the Medicaid cuts are actually much bigger than $800 billion over 10 years. Suggests it could be closer to $1.3 trillion.
— Damian Paletta (@damianpaletta) May 24, 2017
The more the merrier when it comes to dollars cut.
In other news the GOP worry they will get nothing done this year.
“Republican leaders are coming to the bleak conclusion they will end summer and begin the fall with no major policy accomplishments. Privately, they realize it’s political malpractice to blow at least the the first nine of months of all Republican rule, but also realize there’s little they can do to avoid the dismal outcome.”
“In fact, they see the next four months as MORE troublesome than the first four. They’re facing terrible budget choices and headlines, the painful effort to re-work the health care Rubik’s Cube in the House (presuming it makes it out of the Senate), a series of special-election scares (or losses) — all with scandal-mania as the backdrop.”
Sure-Russia is going to keep getting bigger and bigger-the blob that ate Tokyo-better still. Paul Ryan’s budget.
Nine months of GOP failure is a big success for Democrats, the #Resistance, and most of all, the American people.
P.S. As we saw in my poll out last week, the long awaited poll results are in, and right now I’m just 11 points down vs. Peter King (GOP-NY-District 2). And the voters don’t even know who I am yet.
There is nothing more important in getting answers to Trump-Russia collusion than a Democratic House in 2019. Please donate to help me in my part of the effort to fight for a Dem House.
Thank you. We must have a Dem House. And so, we will.