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Julie Laumann #FBPE 🌎 @Otpor17
, 19 tweets, 8 min read Read on Twitter
To put this another way, CBO finds the Trump 2019 budget woukd add the current market value of 125,313,283,000 Trump North Korea Summit coins (now 20% off!) more to the deficit than the White House claimed. #winning
"These massive tax cuts will be rocket fuel for the economy"
CEOs at Dallas Federal Reserve conference: forget about broad-based pay increases; they also plan to cut more jobs…
That $2 trillion added to the national debt by the GOP tax cut? This is where it's going.

Companies set to pour $2.5 trillion into buybacks, dividends and mergers & acquisitions this year…
Our children and grandchildren are paying for the GOP tax cut with their retirement benefits.
"Trustees said the change in the Medicare fund forecast was the result of the GOP tax cut and the repeal of the individual mandate in Obamacare"

Report: Medicare will be depleted within 8 years, Social Security will be insolvent in 16 years…
Quite telling.

"The Cabinet secretaries for Treasury, HHS and Labor serve as the Social Security and Medicare trustees, along with 2 independent trustees who are supposed to represent the public. The public trustees are usually more candid, but **those posts remain unfilled**"
The Industry Financial Protection Bureau.

Usurper @CFPB acting director @MickMulvaneyOMB dissolved a group of outside experts that advised the (formerly) watchdog agency on important economic and financial issues…
"Make no mistake: After they borrow $1.5 trillion to pass a windfall tax break for corporations and the rich, Trump, Ryan, and McConnell will seek cuts to Medicare, Medicaid, and Social Security to pay it back" – @RepAdamSchiff, Dec 23, 2017
Trump proposes major reorganization of federal govt, including
• merging Departments of Education & Labor
• relocating many social safety net programs into a new megadepartment to make them easier to cut, replacing HHS
"The new agency for social programs may include the pejorative "welfare" in its title ..

At the heart of the plan is an attempt to shift SNAP, which serves more than 42 million poor and working-class Americans, to the new agency from the Agriculture Dept"
U.S. first-quarter GDP growth revised downward to 2% from an already-anemic 2.2%…
Even @FoxNewsResearch is trolling @larry_kudlow's brazen lying.

"Growth solves a lot of problems": first-quarter growth was 2%, and projected long-term growth is 1.9%.

"These tax cuts will be rocket fuel" – for deficits and debt.
Corporate profits have rarely swept up a bigger share of the nation’s wealth, and workers have rarely shared a smaller one.

Hourly earnings have moved forward at a crawl, and workers are asking whether they are getting a raw deal. #GOPTaxScam
Share of nation's total income in
2000 (last time unemployment was under 4%):
• corporations: 8.3%
• workers: 66%

• corporations: 13.2%
• workers: 62%

If workers’ share had not shrunk, they would have had an additional $532 billion, or about $3,400 each #inequality
Revised OMB estimates project annual budget deficits to rise nearly $100 billion more than previously forecast in each of the next 3 years, pushing the federal deficit above $1 trillion starting in 2019 due to increased spending and interest payments…
The forgotten man.

"Over 97% of the benefits [of a tax cut on capital gains] would go to the top 10% of income earners, and nearly 2/3 would go to the top 0.1%"

Trump considering unilateral $100 billion tax cut for the wealthy
Treasury Department sees second-half U.S. government borrowing at most since 2008, raises projection for 2018 total net borrowing to $1.33 trillion…
After several years of declines,the number of U.S. families without the financial means to buy enough food rose last year, and those with children were hardest hit…
Highest core inflation in a decade flattens real U.S. wage growth…
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