In his rejection of Build Back Better based on their calculations of Goldman Sachs projections. Since Manikin's fake excuse was the cost of the program, let's hammer this home Democrats, especially in WVA.
"Goldman Sachs economists led by Jan Hatzius now expect US GDP to grow 2% in the first quarter, 3% in the second quarter, and 2.75% in the third quarter, according to estimates published Monday. Those projections are down from 3%, 3.5%, and 3%, respectively. If the revisions ring true, the difference in growth should add up to roughly $60 billion in economic losses over the next three quarters. Insider calculated the sum by taking the US's annualized GDP growth rate and calculating the differences in Goldman's prior and updated expansion forecasts."
Since that loss is over only 3 quarters, that's 80 billion over 1 year. Over the 10-year life-span of the BBB that amounts to $800 billion of lost growth in the economy. And that's a modest estimate based on the current year because as BBB gets going it's 10-year growth will likely increase at least somewhat each year. Given that the tax structure in BBB would entirely pay for the Bill, that's at least $800 billion lost in the economy and for what exactly?
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