The White House Makes a ‘Trillion-Dollar Admission’
The updated budget now includes a projected 2019 deficit of $1.085 trillion, up from $984 billion in February — and more than double the $526 billion the White House called for in its 2018 budget.
“This is a striking acknowledgement following almost two years of claims that economic growth unleashed by these policies will wipe deficits away,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
Meanwhile, the average growth rate projected over 10 years has dropped under 3 percent.
https://finance.yahoo.com/news/white...205110561.html
Gosh, who could have predicted this?
