Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

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.

FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up to $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

payment methods

FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

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

Subscribe

Support our journalism

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

Donate