CBO’s Underwhelming Prediction For The Tax-Code Outcome

I excerpted the very end of a larger post over at POWERLINE and received a challenge of sorts from a friend:

….It’s always nice when these folks let the mask slip and reveal their hatred of individual freedom and capitalism, and the open embrace of a statism that is indistinguishable from fascism. Lukacs’s conclusion is: Jeremy Corbin will save us! You can expect the same impulse to dominate the Democratic Party as it heads toward 2020. Elizabeth Warren or Bernie will save us! Anything less than this will not be tolerated by the increasingly leftist base of the Democratic Party. And this is the best thing Trump has going for him.

Here is the challenge:

  • But it’s not just the left Sean, with a 30% ( being generous ) approval rating, this means a lot of Conservatives aren’t on board either. I personally know a few fiscal conservatives that would’ve voted no strictly due to what it adds to our debt. How do you square this?

Fair question. I respond:

This is how I square it. These fiscal conservatives do not, apparently, believe in a fiscal conservative “gods” edict:

➤ “I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.” — MILTON FRIEDMAN

Also, the press is pushing the CBO’s idea that growth will not be over 1.8% for ten years… um… yeah. So these fiscal conservatives are taking the -under 2% approach when the coming quarter will be 3.8%

Every 1% in growth the deficit is reduced [over ten years] by 3-trillion dollars (Just over 4-minutes):