Trump's budget calls for massive increases to the deficit - News Summed Up

Trump's budget calls for massive increases to the deficit


Now that he’s president, Trump is doing the exact opposite. Trump’s budget — his own budget — projects debt held by the public will hit $22.8 trillion by 2025, more than 50 percent higher than the year he took office. Trump’s budget relies on “gimmicks” to keep the debt rising by “only” that much, experts across the political spectrum say. Trump’s budget underscores how he is piling on the debt and how difficult it will be for any president to effect change. Many budget experts, however, thought this was one of the few parts of Trump’s plan that was worthy of some applause.


Source: Washington Post March 12, 2019 15:05 UTC



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