In March of 2016, then candidate Donald Trump told The Washington
Post that he could eliminate the entire U.S. debt in eight years. 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 (debt held by the public was $14.7 trillion in 2017).
That’s the rosy forecast. Trump’s budget relies on “gimmicks” to keep the debt rising by “only” that much, experts across the political spectrum say. Trump predicts the economy will grow at a home-run pace with no recessions for the next decade, and he proposes massive cuts to education, health care and other non-defense parts of the budget that will not be enacted.
Read more: Analysis: Trump is exploding, not cutting, US debt
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 (debt held by the public was $14.7 trillion in 2017).
That’s the rosy forecast. Trump’s budget relies on “gimmicks” to keep the debt rising by “only” that much, experts across the political spectrum say. Trump predicts the economy will grow at a home-run pace with no recessions for the next decade, and he proposes massive cuts to education, health care and other non-defense parts of the budget that will not be enacted.
Read more: Analysis: Trump is exploding, not cutting, US debt
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