Should-Read: Jason Fruman: On Twitter: "Hahahahahahahahah...
Should-Read: Jason Fruman: On Twitter: "Hahahahahahahahahahahahahahahahahaha...": "It is hard to know where to start on Treasury's comments on their analysis of dynamic scoring...
...But a few points.... "[Treasury] had published research... spur enough economic growth to offset the deficits..." No it has not. The two reports I am aware of contradict this claim���not producing needed growth even for more radical, paid for plans. https://www.treasury.gov/resource-center/tax-policy/Documents/Report-Summary-Dynamic-Analysis-2006.pdf https://www.treasury.gov/resource-center/tax-policy/Documents/Report-Improve-Competitiveness-2007.pdf. "Treasury will be releasing information on how the tax plan does under various growth rates." Do they think we're idiots? You can already get that from OMB and CBO. https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/ap_2_assumptions.pdf https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52370-breakout-appendixb_0.pdf. "Mnuchin has worked with the Council of Economic Advisers on growth projections." I love CEA, but they do not have anything resembling the sophistication of models that the Treasury career staff have���which is why Treasury career staff have done this dynamic analysis in the past. "We support transparency". HahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha.
J. Bradford DeLong's Blog
- J. Bradford DeLong's profile
- 90 followers

