Trump’s Budget Wouldn’t Erase Deficits, CBO Said
S E E D E D C O N T E N T
Under President Donald Trump’s proposed budget for fiscal year 2018, there would have been hundreds of billions of dollars in deficits each year from 2018 to 2027, according to projections from the nonpartisan Congressional Budget Office. That contradicts Acting White House Chief of Staff Mick Mulvaney’s claim that the U.S. “would actually be on a glide path to balancing the budget” had Congress enacted Trump’s desired plan.
CBO did say that deficits and debt would be lower under Trump’s plan than they would have otherwise been under law at the time. But, while the Office of Management and Budget projected that Trump’s budget would add $3.2 trillion to the deficit over that 10-year period, CBO estimated deficits would increase by $6.8 trillion. And, in 2027, when OMB projected there would actually be a $16 billion surplus, CBO estimated a $720 billion deficit.
Mulvaney, still the OMB director, made his claim on CNN’s “State of the Union” on Jan. 6. When the show’s host, Jake Tapper, said that former House Speaker Paul Ryan was frustrated the president “doesn’t show any political will or interest in doing anything that would reduce the deficit or the national debt, other than growing the economy,” Mulvaney claimed that Trump’s first budget proposal paved the way to a balanced budget.
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Another trump bullshitter
Aww The smoke and mirror effect. The show that never ends. trumpmania at it's finest !
Awwwwwww the deflection attempt, which as usual, is so lame. Bye Bye
No deflection just kind of a polite way of saying these people lie to us tio get what they want.
Is that clearer ?
PS: Cute telly tubby closing "bye bye" , almost better than " Good day sir, I say Goodbye"