FOR MORE:
MSNBC anchor mocks Larry Kudlow for saying this about God
This isn't new....
Kudlow is just another incompetent swamp dweller tRump appointed because he saw him in Fox News = Fake News is incapable of discerning qualifications.
"....Kudlow became Economics Editor at National Review Online (NRO) in May 2001. In December 2007, NRO published a Kudlow article entitled Bush Boom Continues, in which he asserted the economy would continue to expand for years to come. The Great Recession, the worst economic downturn since the Great Depression, began that month....."
https://en.wikipedia.org/wiki/Larry_Kudlow
NEW YORK (Reuters) - A top economic adviser to Trump said on Monday he expects US budget deficits of about 4% to 5% of the country’s economic output for the next one to two years, adding that there would likely be an effort in 2019 to cut spending on entitlement programs.
“We have to be tougher on spending,” White House economic adviser Larry Kudlow said in remarks to the Economic Club of New York, adding that government spending was the reason for the wider budget deficits, not the Republican-led tax cuts activated this year.
Kudlow did not specify where future cuts would be made.
“We’re going to run deficits of about 4 to 5% of GDP for the next year or two, OK. I’d rather they were lower but it’s not a catastrophe,” Kudlow said. “Going down the road, of course we’d like to slim that down as much as possible and we’ll work at it.”
He stated that the biggest factor for revenue was economic growth rate. A quicker pace of growth will bring in more revenue, Kudlow said, and that President Donald Trump’s economic policies were aimed at boosting the US growth rate.
Kudlow also said he did not expect the Congress would be able to make the Trump administration’s recent individual tax cuts permanent before the Nov 6 midterm congressional elections.
“I don’t think it will get through the whole Congress” before the election, he said, but added that making the personal tax cuts permanent “is a good message” and disagreed with forecasts that they would further increase budget deficits.
No comments:
Post a Comment