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Stockman Says Trump Tax Cuts Will Cause 'All Hell to Break Loose'


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2018 Aug 30, 5:04pm   5,111 views  4 comments

by Heraclitusstudent   ➕follow (8)   💰tip   ignore  

https://www.bloomberg.com/news/videos/2018-08-30/ex-budget-director-stockman-says-trump-tax-cuts-will-cause-all-hell-to-break-loose-video

"The 4% (growth) was an anomaly. 1 point of that was due to trade pulled forward [...] second part was due to consumers spending money that Uncle Sam was borrowing to put in their pocket. That's a one time thing. There is no acceleration and Trump...crazy... tens years of a business expansion and is driving the deficit to $1.2 trillions, 6% of GDP... this is never heard of. This would be considered absolute sheer insanity by anybody who can remember anything more than 4 yrs ago or 4 weeks ago. I happen to be one of those and I know this is nuts."

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1   _   2018 Aug 30, 6:40pm  

Heraclitusstudent says
1 point of that was due to trade pulled forward
2   clambo   2018 Aug 30, 7:34pm  

Trump just made a baby step in the right direction; he has frozen pay rises for the vast number of Federal employees.
3   MisterLefty   2018 Aug 31, 4:08am  

Stockman's ability to predict the future is uncanny!
4   bob2356   2018 Aug 31, 4:09am  

Heraclitusstudent says
Stockman Says Trump Tax Cuts Will Cause 'All Hell to Break Loose'


Stockman said Reagans tax cut would trickle down. Still waiting.

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