CBO says Trump budget plan doesn't come close to balance

13 Juillet, 2017, 18:59 | Author: Claudine Rigal
  • CBO says Trump budget plan doesn't come close to balance

A new government analysis of President Donald Trump's budget plan says it wouldn't come close to balancing the federal ledger like the White House has promised.

The White House's official Twitter account posted a tweet that says, "The Congressional Budget Office's math doesn't add up".

This video comes as an attack on CBO's heath coverage estimates after the Republican Senate struggle to repeal and replace Obamacare. According to the White House the actual figure is just over 10m.

The Trump White House on Wednesday put out a video that attacked the Congressional Budget Office's accuracy in forecasting economic statistics - but the video itself misspelled the word "inaccurately".

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The CBO "predicted a big drop in the percentage of people under age 65 who would lack insurance, and that turned out to be the case", FactCheck.org wrote. That's 11 points below the current projections, but far from the promises touted by the White House.

CBO assessed that the debt burden would rise to 80 percent.

"The preliminary analysis from the Office of Management and Budget forecast that 26 million people would lose coverage over the next decade, versus the 24 million [the] CBO estimates", Politico reported in March, citing a document obtained by the publication.

The Trump budget predicts a gradual decline in the yearly deficit, finally achieving a $16 billion surplus in 2027 - but the CBO sees a deficit that year of $720 billion - a giant difference.

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