From a front-page, AP story in the Tribune this morning on Trump’s budget: “The Trump administration’s budget plan for 2018 assumes that a mix of sharp spending and tax cuts can both shrink the deficit and fuel economic growth of 3 percent a year — a level it hasn’t achieved in more than a dozen years.” [Emphasis added]
“First, the budget isn’t being cut. Indeed, Trump is proposing that federal spending increase from $4.06 trillion this year to $5.71 trillion in 2027. Second, government spending will grow by an average of almost 3.5 percent per year over the next 10 years.” Dan Mitchell
Hmmm. Someone isn’t telling the truth.