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THE TRUMP 2024 THREAD
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<blockquote data-quote="newfie" data-source="post: 6132146" data-attributes="member: 58700"><p>How i see the BBB in its current form. what the GDP would have to climb to in order to balance the budget.</p><p></p><p></p><p><strong>Spending Cuts: $1.5 trillion over 10 year</strong>s, including $880 billion from Medicaid/ACA, $230 billion from SNAP, $330 billion from education, and $500 billion unspecified. ( only 150 billion a year) </p><p></p><p><strong>Spending Increases: $1.12–1.23 trillion over 10 years,</strong> with ~$1 trillion for defense, $50–100 billion for border security, $50 billion for veterans, $20–30 billion for law enforcement, and $50 billion for infrastructure/energy. </p><p></p><p></p><p><strong>GDP Increase to Balance:</strong> $2.17 trillion annual GDP increase (6.66% above baseline), requiring <strong>10.66% nominal growth (8.66% real + 2% inflation) vs. 4% baseline. ( not very likely) </strong></p><p><strong></strong></p><p><strong>unknown factors </strong></p><p><strong></strong></p><p><strong>Recission cuts - our history tells us not to expect much </strong></p><p><strong></strong></p><p><strong>Additional DOGE cuts - there is potential here. much of the DOGE process is still tied up in the courts including a detailed analysis of Social Security and medicare fraud. </strong></p><p><strong></strong></p><p><strong>Trade war revenue - its clear Trumps plan is to create additional revenue through tariffs. </strong></p></blockquote><p></p>
[QUOTE="newfie, post: 6132146, member: 58700"] How i see the BBB in its current form. what the GDP would have to climb to in order to balance the budget. [B]Spending Cuts: $1.5 trillion over 10 year[/B]s, including $880 billion from Medicaid/ACA, $230 billion from SNAP, $330 billion from education, and $500 billion unspecified. ( only 150 billion a year) [B]Spending Increases: $1.12–1.23 trillion over 10 years,[/B] with ~$1 trillion for defense, $50–100 billion for border security, $50 billion for veterans, $20–30 billion for law enforcement, and $50 billion for infrastructure/energy. [B]GDP Increase to Balance:[/B] $2.17 trillion annual GDP increase (6.66% above baseline), requiring [B]10.66% nominal growth (8.66% real + 2% inflation) vs. 4% baseline. ( not very likely) unknown factors Recission cuts - our history tells us not to expect much Additional DOGE cuts - there is potential here. much of the DOGE process is still tied up in the courts including a detailed analysis of Social Security and medicare fraud. Trade war revenue - its clear Trumps plan is to create additional revenue through tariffs. [/B] [/QUOTE]
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