CBO to Trump: Get Real

Donald Trump thinks that slashing spending will reduce the federal deficit. Fair enough. It will. But would his proposed cuts reduce the deficit by $10 trillion over the next decade? CBO thinks he’s off by several trillion dollars. Here’s why:

Trump believes that his cuts would supercharge the economy and get it to 3 percent annual growth. CBO, which is required to be reality-based, figures his cuts would increase growth by about 0.1 percent. That puts long-term growth at 2 percent per year.

Of course, CBO isn’t taking into account the effect of Trump’s massive tax cuts for the rich. That’s because they don’t exist. Trump himself, however, is under no such constraints, and his budget simply assumes the tax cuts will happen and the results will be spectacular. When you can say anything you want, that’s the kind of fantasy you come up with.


We recently wrapped up the crowdfunding campaign for our ambitious Mother Jones Corruption Project, and it was a smashing success. About 10,364 readers pitched in with donations averaging $45, and together they contributed about $467,374 toward our $500,000 goal.

That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.


Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.