The White House's exceedingly dishonest attack on the Congressional Budget Office
14 July 2017, 12:14 | Myrtle Hill
Chip Somodevilla via Getty Images
President Barack Obama signs the Affordable Care Act in the East Room of the White House
On Thursday, the White House budget office took heart that CBO credited it with $4.2 trillion worth of spending cuts over the upcoming decade, including $1.9 trillion from health care programs; it also says the administration would cut taxes by nearly $1 trillion over that time, mostly because of its plans to repeal the Affordable Care Act. The CBO isn't convinced that those tax cuts will generate much additional economic growth, either.
"The president's proposals would affect the economy in a variety of ways; however, because the details on numerous proposed policies are not available at this time, CBO can not provide an analysis of all their macroeconomic effects or of the budgetary feedback that would result from those effects", the report said.
"Today's CBO report makes clear just how far the President's budget is from balance", said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, in a statement.
The cumulative deficit from 2018 to 2027 under Trump's budget, if enacted, would total $6.8 trillion.
China won't bail out Trump on North Korea
Xi said he hoped the USA president will "properly handle" Taiwan issues in accordance with the "One China" principle. Trump said the relationship has broad prospects, with both countries having a wide spectrum of common interests.
CBO also said that the Trump budget contained too little detail to accurately predict its effects on the economy. Its projections included a $2 trillion math error, claiming the amount would be spent twice on balancing the budget and tax cuts. The White House didn't want you to see it.
There was no immediate reaction to the report from the Trump administration. Why is there such a big gap between what the White House delivered and the CBO's forecast? The changes to Medicaid have been a point of political contention among Republican lawmakers.
President Donald Trump's proposed budget would slash the federal deficit over the course of a decade, but it would not balance, according to an analysis from the Congressional Budget Office released on Thursday.
"We are thrilled that CBO confirms that the president's proposed budget resulted in the largest deficit reduction they have ever scored".
Simplot Co.'s 'Free Fry Day' is this afternoon at JUMP
Many celebrated the holiday, including Chickie's and Pete's , which is offering its world-famous Crab Fries for $1 until midnight. Whether you prefer regular style, waffle fries, curly fries, or chili-cheese, there are plenty of freebies and deals to be found.
4 young men vanish in Pennsylvania
Weintraub would not say if investigators have spoken to the DiNardo family or if the investigation has led them to Cosmo DiNardo . A friend of DiNardo told Heavy .com that following a serious ATV accident the troubled man began using synthetic marijuana.
Play the first Splatoon 2 Splatfest for free this weekend
During the Splatoon 2 Nintendo Direct , Nintendo revealed that it will release Nintendo Switch Online for iOS and Android. Yusuke Amano said: "When I played online games, I didn't like the negativity I got and people telling me, 'You're crap".
Timberwolves trade Ricky Rubio to Jazz
He has two years left on his current contract at $14.1 million this coming season, and $14.8 million in the 2018-19 season. The deal was reported by the Associated Press just minutes after free agency's official 11 p.m. central start time.
Bournemouth close in on club-record Nathan Ake signing
The Blues are expected to announce some new signings after their new kit deal with Nike officially begins on Saturday, 1 July. Chelsea's Nathan Ake is set to return to fellow Premier League side AFC Bournemouth for an estimated £20 million.
How to watch Portugal vs. Chile
I am thankful for Cristiano Ronaldo , and he deserves all my respect". "And I'm sure it's going to be hard for Portugal as well". He's young as well and I think he's got a really bright future ahead of him", said Mustafi.
7 still hospitalized after London mosque attack
The Muslim Council tweeted that worshippers were struck by a van as they were leaving prayers near the Finsbury Park mosque. Britain's political establishment equated the incident with two recent terror attacks on Westminster and London bridges .