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Halls of Shrewd'm / US Policy
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Author: commonone 🐝 HONORARY
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Number: of 48481 
Subject: Moody’s Analytics Chief Economist
Date: 08/26/2024 10:45 PM
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... Mark Zandi says that “Hands down, VP Harris is being much more fiscally disciplined than President Trump” and that whatever the policies, a Harris administration plans “to be fiscally disciplined. And that is a bit of a flip. Historically, being fiscally disciplined and focused on budget deficits has been a Republican rally cry.”

Harris is proposing to spend about $2 trillion and raise $5 trillion in tax revenues over a decade. Trump is calling for about $5 trillion in tax breaks and spending while raising less than $3 trillion in revenue through tariffs.

In short, Harris should have about $3 trillion in deficit reduction over the 10-year budget horizon and, as Zandi says, “I can’t recall a deficit reduction package that comes even close to that.”

Now, who to listen to on the economy, Moody’s Analytics Chief Economist or some guys on this message board?

Tough call.

https://www.nbcnews.com/politics/2024-election/har...
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