White House attacks CBO health care inaccuracy, misspells 'inaccurately'
00:17, Jul 14, 2017
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The Trump White House on Wednesday put out a video that attacked the Congressional Budget Office's accuracy in forecasting economic statistics - but the video itself misspelled the word "inaccurately".
When Trump released his budget proposal, the White House said it would eliminate the deficit in a decade and reduce the national debt to 60 percent of GDP, down from the current 77 percent.
The initial CBO score of the Senate GOP's health care plan to repeal and replace Obamacare, the Better Care Reconciliation Act, predicted that 22 million more Americans would be without insurance, yet reduce the deficit by $321 billion over the next decade. Trump's budget also proposes saving $610 billion over the next decade by overhauling the Medicaid program, the CBO said.
"The CBO report shows that the president built his budget on fantasy projections", said Rep. John Yarmuth of Kentucky, the top Democrat on the House Budget Committee.
What's more, CBO and the Trump administration differ substantially in projecting economic growth, with Treasury Secretary Steven Mnuchin and others predicting three percent growth in GDP in the coming years compared to CBO's far less optimistic forecast of 1.9 percent growth.
Sen. Angus King, I-Maine reflects on the news from the Congressional Budget Office analysis that could imperil GOP leaders' hopes of pushing their health care the plan through the chamber this week, Tuesday, June 27, 2017, on Capitol Hill in Washington.
The CBO said did not take into account all of Trump's proposals that may affect the economy because "the details on numerous proposed policies are not available at this time".
However, the CBO said it would not balance the budget.
Deficit reductions would be a result of drastic spending cuts proposed under the Trump plan.
The White House blueprint would cut $2 trillion in mandatory spending, including $1.9 trillion on health care.
The White House fleshed out its anti-CBO case in a video that contains some very basic errors. Its projections included a $2 trillion math error, claiming the amount would be spent twice on balancing the budget and tax cuts.
"We are thrilled that CBO confirms that the president's proposed budget resulted in the largest deficit reduction they have ever scored".
If Trump's visit does go ahead, protesters are planning to moon him en masse as part of the "show your rump to Trump" campaign. These rumours were exacerbated when the Queen omitted the US President's visit from her speech last month.
Trump on Thursday authorized a $1.3 billion arms sale to Taiwan, which China considers a rebel province. Now every time they put in a new radar or new missile shelter, it is harder for the world to get angry.
Then I start to worry about pain, and the court's finding that "it is likely he is suffering it and at more than a low level". President Trump has expressed a willingness to help. "I must decide this case on evidence, not tweets ".
After that meeting, the Fed announced it planned to start reducing the balance sheet sometime this year but provided no timetable. With the U.S. economic picture beginning to show cracks, there is reason to believe a September rate hike may not be advisable.
Thomas had crashed on another descent much earlier in the stage and quit the Tour with a fractured collarbone. Quick-Step Floors rider Martin got back on his bike after he took a new wheel from a neutral support vehicle.
During his address in Warsaw, Trump rebuked Russian Federation on several counts, including its military incursion into Ukraine. And that the world will be a safer and greater place'. "And we are next door to belligerent Russia ", Zaborowski said.
Meanwhile, data from the Energy Information Administration (EIA) showed crude output fell in April for the first time this year. Its weekly report , released Wednesday, indicated crude stockpiles rose by 100,000 barrels to 509.2 million barrels.
Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Lexington Realty Trust (NYSE:LXP) for 12,787 shares. Principal Financial Group Inc. boosted its stake in shares of Physicians Realty Trust by 1.5% in the first quarter.
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