Trump's Budget

POSTED BY: JEWELSTAITEFAN
UPDATED: Monday, July 13, 2026 16:10
VIEWED: 32160
PAGE 21 of 32

SECOND

Wednesday, August 14, 2019 5:49 PM

In case there were any remaining doubts about whether Trump's tax cut would pay for itself, it hasn't.

The massive 27 percent deficit increase from last year is only expected to worsen as Trump's $1.5 trillion tax plan from a year-and-a-half ago fails to "pay for itself" as the White House previously claimed.

www.newsweek.com/conservatives-criticize-republican-federal-deficit-tr
ump-spending-record-congress-debt-tax-cuts-1454024

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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JEWELSTAITEFAN

Friday, August 16, 2019 6:10 AM

And with new GDP data from 26 July, which does not add up, so it must be partially wrong:
$201.0 B for 2019Q2 (est). More than I expected, and enough to surpass the 4-Quarter $1 T Mark.


The 4th consecutive Quarter showing the prior 4 Quarters increased more than $1 Trillion GDP - which never before happened in a 4 Quarter span.
The last several reports have been persistently rounding off the figure totals by 3 or 4 digits, so that the figures I'm posting are based upon addition, stacked many times, and could be subject to correction.


Here I'll include a column showing how far behind the pace the Obamanomics years were.

Quote:

---

Originally posted by JEWELSTAITEFAN:
This data does appear to be listed under Calendar Year Quarters as opposed to Fiscal Year Quarters elsewhere.
Yes, this is Table.1.1.5 (use the Modify button to adjust dates) at this link:
https://bea.gov/iTable/iTable.cfm?


This GDP data is from BEA News Release Archives. Current-Dollar GDP.

I noticed a trend among the BEA data. The figures from BEA do not match other info. But they make monthly reports, each Quarter has an Advanced Estimate, then 2nd Estimate, then 3rd Estimate, before the final figure.

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JEWELSTAITEFAN

Thursday, August 22, 2019 1:11 AM

Reposted for top of the page reference:



Budget. Trump's FY2020, with forecasting and projections to 2029

From 11 March 2019, Office of Management and Budget.


The new CBO report is from January 2019. It is https://www.cbo.gov/publication/54918
For comparison, I'll post on the same Table as Trump's projections. This is in the middle section.

The left has President's Federal Budget, FY2019, and then the CBO Budget and Economic Outlook and Updates from January 2019, and then Trump's FY2020 Budget and Projections from OMB on 11 March 2019.

Year Rvnu Outl Defct NtGDP || CBR CBOt CBOD CBDb CBGDP || Rvnu Outl Defct FdGFD NtGDP
2029 8888 8888 888 88888 || 5672 7042 1370 33681 31006 || 6292 6495 0202 31506 34727
2028 5818 6181 363 32602 || 5446 6881 1435 32581 29862 || 5939 6447 0508 31195 33116
2027 5506 5955 450 31089 || 5254 6446 1192 31353 28738 || 5608 6122 0513 30695 31580
2026 5231 5748 517 29647 || 4956 6160 1204 30331 27667 || 5323 5899 0577 30128 30116
2025 4946 5526 579 28253 || 4647 5859 1212 29175 26656 || 5040 5671 0631 29386 28700
2024 4675 5348 672 26900 || 4448 5539 1091 28020 25642 || 4753 5453 0700 28582 27326
2023 4386 5160 774 25605 || 4208 5347 1139 26922 24672 || 4421 5330 0909 27645 26007
2022 4089 4941 852 24369 || 4012 5140 1128 25759 23778 || 4129 5177 1049 26544 24753
2021 3838 4754 916 23194 || 3841 4814 0973 24598 22939 || 3877 4945 1068 25333 23558
2020 3609 4596 987 22067 || 3686 4589 0903 23522 22120 || 3645 4746 1101 24057 22410
2019 3422 4407 984 21003 || 3515 4412 0897 22465 21252 || 3438 4529 1092 22776 21289
2018 3340 4214 873 20029 || 3329 4108 0779 21461 20236 || 3330 4109 0779 21462 20236
2017 3316 3982 665 19177 ||


In the left section, Trump's Budget, compared to Obama projections:
The Revenue projections are reduced from the exaggerated amounts Obama assumed. Deficits upcoming are increased due to more realistic projections. For 2017 the figures were updated from Obama's base projections and last year corrections. Trump's GDP is revised up, and Expenditures are revised down.
Trump's Budget accumulates $8.632 Trillion in Deficits by 2028.
Indicating the Federal Debt would add about $13 Trillion in that period.

Which holds true to historical practice. Democrats always exaggerate or overestimate Revenues and downplay or underestimate Expenditures, and Conservative Republicans always underestimate Revenue projections and overestimate Expenditure projections (but Democrats then find some pork to fill in the difference).


In the middle section, the CBO Analysis from May 2018:
The Liberal biased practices of the CBO bloat the Expenditures, and undervalue the Revenues and long-term GDP, thus exaggerate the Deficits. The GDP in the short term is more because even the Liberal bias was unable to deny the reality of Trump's Fiscal Policies and subsequent GDP growth.

The CBO projections bloat the accumulative Deficits to $13.888 Trillion by 2028. The CBO Analysis projects $11.033 Trillion accumulated Deficits by 2028.
Indicating the Federal Debt would add about $16 Trillion in that period.
Which would exaggerate by $3 Trillion what Trump's Budget projected.


The section to the right is the CBO Analysis of Trump's Budget, from January 2019.



Because the numbers from BEA are not used in the President's Federal Budget during this century, the relevant figures had to be interpolated. For this reason the 20,029 would be replaced by 20,103. An increase of $74 Billion for 2018.



Well, that link at the top of this post does not correlate to the data from any of the past 2 dozen Budget statements.
But it does provide link to source data at BEA.


Display stabilization row:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX


As can be seen, actual figures have GDP far outpacing the forecasts, as well as Outlays are less than any projections, Deficit for 2018 below any of these projections.

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JEWELSTAITEFAN

Thursday, August 22, 2019 1:13 AM

Reposted for top of the page reference:




Updated with some 2018 data from CBO.

Budget.

Quote:

---

Originally posted by JEWELSTAITEFAN:
This is a repost from 18 May, with Budget Deficit, Actual Deficit, Federal Debt, and GDP. The Excess column is the amount the Debt exceeds the GDP.


I keep Forgetting how convoluted, twisted, and fabricated the figures are regarding the Federal Debt. The Gross Federal Debt, the Public Federal Debt, and the annual Deficits of the Federal Budgets do not add up, even when all are on the Fiscal Year cycle. OMB, CBO, Treasury, BEA, use different data, often not meshing.
So I will lay out some more data, for reference.

This helps show that, although the Rock-The-Vote Democraps doubled the Deficit in FY2008, Obama still only inherited a Debt about 2/3 of the GDP, and then was able to, in a few short years, push the Federal Debt over the GDP by 2012, and grew the excess to more than $1 Trillion over the GDP.

Once upon a time, reasonable people explained that a Debt larger than GDP was not a sustainable situation, and then Obamanomics took us there. And then after FY2012 ended, he was reelected to make the Economy even worse. While simultaneously bloating the Debt even further.

Obviously, CBO uses Libtard projection practices, so score any reasonable Budget with less Revenue, more Outlays, more Deficit, and lower GDP.
CBO scores delusional Libtard Budgets with exaggerated Revenue and GDP, and overly optimisticly low Outlays and Deficit.


Federal Debt data is from U.S. Treasury. Using Gross Federal Debt.
For the section to the right, the columns are FY Increase to the Federal Debt (aka THE REAL FEDERAL DEFICIT), FY Gross Federal Debt, FY National GDP, the amount the Debt Exceeds the GDP.

For reference, here is the CBO Historical Budget data:

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Quote:

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Once I add in FY2018 figures, we should see that with Deficit growth slowing, GDP growth exploding, the Excess will be well under $1 Trillion for the first time since Obama raced to get there.

Compared to the Brink of Economic Nightmare Horror that Obama brought us to, this now shows promise, hope, a light at the end of the tunnel, and a reversal of the path we were on.

Obama's trajectory has been Trumped.[/qu

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