Despite $4.4 Trillion in Spending Cuts, Trump’s Budget Won’t Balance Until 2035


 

Ever notice how the budget NEVER seems to balance. There was one brief period in the late 1990s, but that was because of the stock market bubble and we still had massive debt. (Though much less massive than we have today.)

(From Reason)

It’s important to keep in mind that all of this is likely the rosiest possible scenario for the federal budget. The budget proposal assumes 3 percent annual growth, a number that has not been achieved since the Bush administration—not even in the immediate aftermath of Trump’s tax cuts, which briefly revved the economy—and one that far exceeds the Congressional Budget Office’s estimated growth rate of 1.7 percent over the next decade.

Reprinted from: https://www.ac2news.com/2020/02/despite-4-4-trillion-in-spending-cuts-trumps-budget-wont-balance-until-2035/

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