Tyler Goodspeed slammed Biden's budget proposal during a Monndy segment of 'Mornings with Maria.'
TYLER GOODSPEED:
As you noted, Maria, that was basically a four percent cut in defense spending proposed in the president's budget when you have eight percent inflation. In terms of the economic assumptions, look, they are so far above consensus on their expectations for GDP on their forecast for GDP, that is really going to flatter their deficit projections. They are so far behind in terms of where interest rates already are.
President Joe Biden speaks about the COVID-19 relief package in the State Dining Room of the White House, Monday, March 15, 2021, in Washington. That, again, is going to flatter their deficit projections. And then on the inflation front, they had inflation going back to the Fed's target basically in the fiscal year beginning October 1st of this year, and doing so with the unemployment rate remaining well below four percent. It just doesn't add up. Those are really, as I said, laughable assumptions.
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