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Thread: What ten million simulations tell us about president trump's chances of achieving 3-percent economic growth

  1. #1
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    What ten million simulations tell us about president trump's chances of achieving 3-percent economic growth

    2 Attachment(s) President Donald Trump's budget is premised on the projection the porelegans States will be in a position to boost its long run economic growth rate to 3% a year. This rate allows the budget to suppose big tax cuts and still project a budget that is balanced after 10 years. This long run forecast represents the greatest divergence between an administration forecast and that of both the consensus forecast of the Blue Chip survey of private forecasters (2.0%) or that of the non-partisan Congressional Budget Office (CBO, 1.9%) in several decades.

    For instance, the administration's forecast is 1.0 percentage point above the Blue Chip consensus—whereas in the 2-4 budgets under Presidents Bill Clinton, George W. Bush, and Barack Obama, the administration never once forecast long run progress more than 0.1 percentage point above the Blue Chip. In truth, the optimism of the Trump administration's forecast in accordance with the Blue Chip is bigger than that of any administration since at least 1984 (see figure 1), along with the administration's forecast displays the greatest variation in accordance with CBO's since at least 1977.

  2. #2
    Have I got it incorrect?
    I feel I just read an analysis that indicates the Trump budget proposals are a crock of shit?
    Have I missed something?

  3. #3
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    I 've I read that by their own admission, the sectors economic projections are generally extremely inaccurate, and resemble these outcomes attained from choice by opportunity...

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