President Donald Trump introduced his 2019 budget blueprint on Monday. He makes some pretty unrealistic claims about how his current proposals would reduce deficits.
His budget proposes to slash them by more than $3 trillion over the next decade, bringing the annual deficit down from 4.4% of GDP this year to 1.1% by 2028.
How? Largely by proposing severe spending cuts combined with optimistic growth projections of roughly 3% a year.
Never mind that he recently signed into law two deficit-increasing bills. The federal tax overhaul plus a two-year increase in spending....More>>>