World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Trump’s Problematic Math: Budget Plan Adds Growth, but Doesn’t Subtract Cost
Keywords:
Applebaum describes the accounting errors in the Trump 2017 Budget which makes unrealistic assumptions of 3% growth to show higher revenue generation of $2.1 trillion over ten years, and uses that revenue to fix higher deficits from tax cuts- counting the same number twice. A former Treasury Secretary, Lawrence Summers, calls it the most egregious accounting error he has seen in 40 years.
Trump 2017 Budget - accounting error $2.1 trillion, economic risks with a soaring debt to GDP ratio, and social-political risks
05/23/2017
Grouped Articles
Trump's $4.1tr budget takes hatchet to safety net - BBC News
BBC News 05/23/2017
Washington Post 05/23/2017
Trump’s Problematic Math: Budget Plan Adds Growth, but Doesn’t Subtract Cost
The New York Times 05/24/2017
Senate Health Bill Gives Huge Tax Cuts to Businesses, High-Income Households
WSJ 06/22/2017
Spending cuts under the Trump administration- reducing budget entitlement spending and social programs, and increasing defense spending
03/17/2017
Grouped Articles
Trump Takes a Gamble in Cutting Programs His Base Relies On
The New York Times 03/16/2017
What Trump’s Budget Could Mean for the Affected Agencies
The New York Times 03/17/2017
Trump Budget Likely to See Major Rewrite in Congress
WSJ 03/17/2017
House Vote to Repeal Affordable Care Act Is Postponed, Despite Trump’s Effort
The New York Times 03/23/2017
Trump’s Budget Seeks Cuts to Taxes, Safety-Net Programs
WSJ 05/23/2017
Donald Trump’s Balanced Budget Goal Rests on Questionable Math
WSJ 05/23/2017
Trump's economic plan and how it increases the U.S. deficit by $5.3 trillion
09/22/2016
The sharp contrast between the Trump economic plan which is very unusual for a Republican candidate in that it substantially increases the U.S. debt by $5.3 trillion, and the Clinton economic plan which only modestly increases the deficit by $200 billion. The impact is about one fourth increase of the national debt of $19 trillion under Trump and only 1% under Clinton's economic plan, according to the Office of Management and Budget.
Grouped Articles
New Clinton, Trump budget numbers
POLITICO 09/22/2016
Donald Trump’s Plans Would Add $5.3 Trillion to the National Debt
Fortune 09/22/2016
Clinton Seeks Big Jump in Estate Tax
WSJ 09/22/2016
Donald Trump’s Tax Pitch Could Miss Trade’s Strike Zone
WSJ 10/05/2016
Donald Trump’s Tax Plan Would Boost Economy in Short Run but Not Long Term, Analysis Finds
WSJ 10/17/2016
Donald Trump’s Economic Plan, Up Close, Doesn’t Add Up
WSJ 10/18/2016
Trump's first budget plan in 2017- cuts in entitlement spending and social programs
03/17/2017
Grouped Articles
Trump Takes a Gamble in Cutting Programs His Base Relies On
The New York Times 03/16/2017
What Trump’s Budget Could Mean for the Affected Agencies
The New York Times 03/17/2017
Trump Budget Likely to See Major Rewrite in Congress
WSJ 03/17/2017
Tillerson Says Tougher Sanctions, Military Strike Among North Korea Options
WSJ 03/17/2017
US healthcare bill: Blow for Trump as House vote delayed - BBC News
BBC News 03/23/2017
Trump’s Budget Seeks Cuts to Taxes, Safety-Net Programs
WSJ 05/23/2017
The accounting errors in U.S. president Trump's 2017 budget with double counting of $2.1 trillion
05/25/2017
Linked Articles
Donald Trump’s Balanced Budget Goal Rests on Questionable Math
WSJ 05/23/2017
Trump’s Problematic Math: Budget Plan Adds Growth, but Doesn’t Subtract Cost
The New York Times 05/24/2017
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us