“The national debt,” he said during a campaign event in Wilmington, N.C., in August 2016. while arguing that the tax bill is needed for the economy to grow even more. The Congressional Budget Office creates an estimate of how much economic growth is possible given the number of workers and production capacity. For the first time since the recession, the economy is operating to that potential — before the tax bill passes. Ask economists what they think and they will say it’s unlikely the tax bill will actually reduce the debt.

Source: Washington Post November 30, 2017 20:16 UTC