Donald Trump’s Budget Relies On Magic Economic Growth

May 23, 2017

To get above 3 percent, you would need not only 1990s levels of productivity growth, labor force participation, and capital investment — you’d also need to go back in time and make sure that more babies were born between 1992 and 2002.

Claim the economy will grow at 3% (It won’t)
So the deficit? Now you see it; now don’t.‬

‪On the campaign trail, candidate Donald Trump said he would eliminate the national debt “over a period of eight years.” But his first budget as president would increase the debt by more than $3 trillion—and that’s only through rosy assumptions about economic growth and double-counting of tax revenue.‬

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