Trump says ‘revved up economy’ will pay for budget proposals

President Donald Trump said he believes the extra $54 billion dollars he has proposed spending on the U.S. military will be offset by a stronger economy as well as cuts in other areas.

“I think the money is going to come from a revved up economy,” Trump said in a Fox News interview broadcast on Tuesday, hours before he was to address a joint session of Congress.

“I mean you look at the kind of numbers we’re doing, we were probably GDP of a little more than 1 percent and if I can get that up to 3 or maybe more, we have a whole different ball game.  It’s a whole different ball game.”

 

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source: http://www.reuters.com/article/us-usa-trump-spending-idUSKBN16718E

  • 1NJNurse1

    If you were around during the Reagan years you know what the president is talking about is true.

  • Wayne Peterkin

    If economic growth could reach the 4% range, which is possible, Trump is right. However, until the economy is growing at a much faster pace than today (or the past 8 years and more), Trump’s proposals would increase the national debt at a faster rate than today. So the question becomes whether the people will support the temporary (hopefully) loss for the longer-term gain. As short-sighted as the American people are today and with the Democrats opposing such progress, it is a tricky question.

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