On Monday, New York Times columnist Paul Krugman opened up his intellectual pop-gun on President Trump’s plans to base budget projections on higher numbers. Over the weekend, The Wall Street Journal reported:
The Trump administration has drafted preliminary economic growth forecasts in its federal budget planning that rely on assumptions that are far rosier than projections made by independent agencies and most private forecasters, according to several people familiar with the discussions…. Discussions for the Trump administration unfolded differently, with transition officials telling the CEA staff the growth targets that their budget would produce and asking them to backfill other estimates off those figures.
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