Trump economists say the most unbelievable things
Summary
The Trump administration claimed that economic growth could balance out the $40 trillion federal debt. However, a government report shows the debt is expected to grow more than twice as fast as the economy in the next ten years.Key Facts
- The federal debt is about $40 trillion.
- The Trump administration said economic growth could handle this debt.
- A report by the Government Accountability Office (GAO) disagrees with this claim.
- The GAO forecasts the debt will grow more than twice as fast as the economy over the next decade.
- This means economic growth alone will not stop the debt from increasing.
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