Friday, September 29, 2017

What's that we hear from GOP deficit hawks on Trump's lavish tax plan: Crickets

When George W. Bush proposed a major $1.6 trillion tax cut in 2001, the Congressional Budget Office (CBO) was projecting a 5.6 trillion budget surplus over the next decade. Fast forward to Donald Trump's plan for a sweeping $1.5 trillion tax cut and the New York Times reports:

"Now, the budget office forecasts that deficits will total $10.1 trillion over the next decade. The deficit is expected to top $1 trillion a year in 2022 and keep growing from there. Federal debt held by the public is at the highest level since shortly after World War II, at 77 percent of the gross domestic product. "

This should portend End Times for GOP deficit hawks, no? No, apparently not.....
https://www.dailykos.com/stories/2017/9/28/1702441/-What-s-that-we-hear-from-GOP-deficit-hawks-on-Trump-s-lavish-tax-plan-Crickets


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