"My observation is that there appears to be a logical error of the kind that would justify failing a student in an introductory economics course", he wrote in his blog for The Washingon Post. The budget assumptions of economic growth - sustained 3 percent increases - have been called highly implausible by most serious economists and laughable by quite a few.
Democratic lawmakers have savaged the budget, and even fiscally hawkish Republicans seem taken aback by the magnitude of the cuts. This is an elementary double count.
Republicans are under pressure to deliver on promised tax cuts, the cornerstone of the Trump administration's economic agenda. "At least you can not do so in a world of logic", Summers wrote on his blog.
That's a stinging rebuke for Trump's administration, which sells itself on business experience and acumen. The new tax code will raise as much money as the old one after accounting for extra growth. Democrats cited economists who said that figure was overly optimistic, while Mulvaney argued the counterpoint.
"This is a mistake no serious business person would make".
"Roll back regulations and grow, grow, grow". Can you guess the last time we had an unemployment rate of 4.8 percent, growth of 3 percent and inflation held at 2 percent?
Of the programs that will get funding increases under Mulvaney's new definition of compassion are $1.6 billion for Trump's border wall, a $54 billion annual increase in military and defense spending, and significant plus-ups for law enforcement, veterans programs, paid parental leave, and school choice, namely taxpayer funding for charter and private schools.
James passes Jordan, Cavs back in Finals with 135-102 win
The writing seems to be on the wall for the Celtics , or maybe it was written in stone before the playoffs even began. The Warriors played 11 of their final 16 games at home, including six of their last seven. "They made it this far".
Bridgewater participates in practice
Stefon Diggs and Adam Thielen figure to be starters and get plenty of snaps as the top two receivers coming back from last season. Floyd has reunited with his former college teammate, Kyle Rudolph - taking up temporary residence in the Rudolph family basement.
Budget director Mick Mulvaney says that tax reductions will be balanced by scaling back tax breaks. Mulvaney returned as the director of Office of Management and Budget. But the Republican budget likely to emerge will most certainly slap the poor and working families. Do we want to maintain the status quo on entitlements, or will we seriously reduce the size and scope of the federal bureaucracy?
Many rank-and-file Republicans recoiled from the cuts, however, which would squeeze foreign aid and domestic programmes funded annually by Congress by about 10% next year and 1.4 trillion United States dollars £1.1 trillion) (over the coming decade.
"You have this perverse incentive effect going on, because the work requirements have been decimated", Kudlow said of Clinton-era policies that weaned people off government payments.
The White House says President Trump's FY 2018 budget, with its combination of regulatory, tax, and welfare reforms, will provide opportunities for economic growth and creation.
Mulvaney said that the White House did not have a "stated policy yet" on what Congress should do about the debt ceiling.
Senate Majority Leader Mitch McConnelltold colleagues that the Trump plan - unlike any of President Barack Obama's budget blueprints - "actually achieves balance".
"That's a frightening concept, I think, for this country-if we have to ignore the portion of the federal budget that invests in people-whether its job training, education, important medical research and other innovations or whether we buy guns-but that's what we're being asked to do in this budget", he said. "We'll put our own imprint on it, particularly with regard to overseas".
Louis Blues put up a valiant fight, but the Predators sent them packing in six games during the Western Conference Semifinals. Out of the 299:47 of ice time in the series , 265:24 of it has been played with a tie score or one-goal lead by either team.
British officials, however, have not commented on whether Abedi had links to IS or other extremist groups. Tillerson and Johnson will also sign a condolence book for the victims of the Manchester attack.
LeBron James praised Stevens more directly when discussing how the Celtics "run different things" after losing Thomas to injury. The Boston Celtics were down by as many as 21 points while down 0-2 in the series without their leader, Isaiah Thomas .
The poll also showed that Trump's personal perception had improved with 41% of the voters having a positive impression of him. According to the Fox News poll , voters overall were skeptical of Trump's firing of former FBI Director James Comey .
Of course, the company also asks if petting cats makes applicants "warm and fuzzy" inside, and the answer is obvious. So, it basically sounds like anyone who spends more time with cats than humans will land the job in a second.
McCullough's win also marks the second time in a row that the victor of the pageant has been the Miss D.C. representative. Nuclear Regulatory Commission . "And I see firsthand that for one to have health care, you need to have jobs".
And while America's current leadership seems comfortable ignoring its own culpability in global climate change, history will not. But China , Canada , and the European Union (EU) aren't going to sit around and wait for him to make his decision.
Royals: RHP Nate Karns was put on the 10-day DL because of nerve irritation in his pitching arm, a move retroactive to Sunday. Jedd Gyorko had three hits and drew a walk in the two-run second inning that gave the Cardinals the lead for good.
After the wreath-laying ceremony, Trump will deliver an address at the Israel Museum to the Israeli people. If negotiations were to resume, they needed to be about the core issues, not talks about talks, he said.
Last month Melania nudged her husband while he was daydreaming during his first Easter Egg Roll at the White House. The video which is getting viral suggests things aren't going so great between the couple.
Greg Gianforte wins special election in Montana
A newly elected USA congressman has apologised after allegedly assaulting a news reporter one day before the special election . Steve Bullock listens to a reporter's question at the governor's residence in Helena, Mont., on October 11, 2016.
Soon You'll Be Able To Send Money Using Google Assistant
At the same time, there is the perception that Google Android is not very safe, and definitely not as safe as Apple's iOS. The Shared Libraries feature on the other hand will share photos with your family members or with any other person.
France urges Trump not to rush on Paris climate deal
The newly elected French president, Emmanuel Macron , seems to have done his homework about strongman Trump's handshake diplomacy. His handshake conquest over Trump is seen in the headlines from his native country, as well as in the United States.
'He Is Something': Trump Visits Pope Francis At The Vatican
Trump gave the pope a boxed set of books from Martin Luther King Jr., telling him, "I think you'll enjoy them, I hope you do". Trump's son-in-law and adviser Jared Kushner as well as Secretary of State Rex Tillerson and National Security Adviser H.R.
Big 12 baseball tourney begins Wednesday
He started last Tuesday at home against Pitt and allowed no runs and three hits while striking out seven in 52/3 innings. OU and Baylor are the only two Big 12 schools that have played in all 21 conference championships in Big 12 history.
Melania slaps away President Trump's hand in Israel
Earlier too, #FreeMelania campaign went viral in January, after Melania's "frown" clip caught people's attention on social media. But Taylor's report that Donald and Melania Trump came to a divorce settlement comes from another source. "She did it again".
Arizona State wins 8th NCAA women's golf title
Liti's 5&4 win over Janet Mao 5&4 was similarly decisive, leaving plenty of time to cheer on their teammates. The Sun Devils already had two points on the board thanks to Olivia Mehaffey and Roberta Liti.
Man United Beats Ajax 2-0, Wins Europa League
We are just football players but we have an audience so we want to work together for a normal world. Mourinho said his players "put a wall in front of their eyes" to get through the match.