Trump Promised a Balanced Budget. Don’t Believe It.
In light of one of the more outlandish claims that President Donald Trump made during Tuesday night’s joint address to Congress, an important reminder: There is no plan to balance the budget.
In fact, the budget framework currently making its way through Congress would likely widen the federal government’s budget deficit rather than reduce it.
“In the near future, I want to do what has not been done in 24 years: balance the federal budget. We are going to balance it,” the president said midway through his 90-plus minute speech. The line got some of the loudest applause of the night from Republican lawmakers—which might be a small silver lining, as it indicates at least a rhetorical interest in fiscal responsibility.
Still, it would be better for Republicans to put their votes where their mouths are. The budget framework that passed the House in a near-party-line vote last week includes about $2 trillion in budget cuts that would be spread out over the next 10 years, but those proposed spending cuts would be swamped by $4.5 trillion in n
Article from Reason.com
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