That is what Treasury Sec. Steve Mnuchin said about a supposed report the Treasury Dept. was working on to analyze the effect of the tax cut bill working its way through Congress. That suggests what all those people would produce would be an in depth analysis with dynamic scoring of the bill. Steve said, "and it will be a completely transparent process," indicating the report would show in detail how their conclusions about the bill's impact on the economy were reached. https://slate.com/business/2017/11/steve-mnuchin-has-been-lying-about-the-tax-plan.html Yesterday they produced a one page report. No detail, no transparency, no dynamic scoring. Just one page justifying the tax cut bill by making the extremely optimistic, most say extremely unrealistic, assumption the economy will grow at an annual rate of 2.9% for the next 10 years. http://www.businessinsider.com/treasury-report-trump-gop-tax-reform-bill-analysis-2017-12 These guys aren't even pretending anymore. Mnuchin knew if he had allowed the career professionals at Treasury to do their job, the job he promised they were doing, the report would not be favorable to the tax bill and thus to the admin's promotion of it. So Mnuchin produced a one page piece of garbage, without attribution. Because who would want to put their name on a fraudulent document?
What concerns me, other than the deceit inherent in this bill, is the deficit this bill is going to create is going to do irreversible harm to the country. We are headed for $30T in debt by 2022 because we know this plan will not pay for itself and will create bigger annual deficits than what is projected. One inevitable recession and it all goes to hell. Reagan exploded the debt by cutting taxes, Clinton got deficits under control by raising them, Bush exploded the debt because of the Iraq war, tax cuts, and the financial meltdown, Obama spent his presidency cleaning up the damage and gradually reducing the annual deficits, and now Drumpf is going to blow it up again. As a result, the board has already discussed what will happen. The Repubs will say SS, Medicaid, and Medicare will have to be cut and the economy will tank.
Reminds me of Obama promising to post every bill on the net for 72 hrs. before he signed it for transparency but he lied and never did.
Deficits used to matter (except when they didn't...like now) so much that it was worth shutting down the government It's the hypocrisy stupid
Let's be real. Nobody is going to stop the debt. It is goinf to end by default rather than reigning in government. The GOP won't change anything, they're happy to get on the money printing crack like anyone else. And the Democrats sure as **** aren't going to slow spending.
