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The Power of Assumptions: Budget Edition

President Trump’s FY 2019 budget is out. It is incredibly unrealistic and doesn’t prepare us for the nasty fiscal reality that we will soon face. Now, I should say that every presidential budget is unrealistic. They all project strong and positive economic-growth rates over the ten-year budget window that never materialize. They all promise savings that never see the light of day. They all use budget gimmicks. But this one is particularly bold coming right after last week’s horrendous budget deal. In the budget director’s defense, since all budgets are wishful thinking rather than serious and thoughtful documents, I welcome the effort
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...[READ MORE]   SOURCE: National Review

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