Trump Vowed To Eliminate The Debt. The CBO Responds…

0

People who elected so-called “fiscally conservative” Republicans, including Donald Trump, have a right to expect that one goal will be to reduce the national debt, which is seen as a huge burden being dumped on future generations and was a central platform of Trump’s presidential campaign.

Trump even promised during the campaign that he would get rid of the entire national debt “over a period of eight years.”

A report just issued by the Congressional Budget Office (CBO), however, predicts just the opposite is ahead – and it is terrible news.

It projects the national debt will at least double in the next 30 years, and that could go even higher if interest rates rise, which is a very real possibility. 

Daily Deals

Leave a Reply

Notify of