Trump Plan Would Balloon National Debt By $6 Trillion

Axios reports:

Donald Trump’s campaign promises would send the national debt soaring much faster than Kamala Harris’ would, per two new analyses from the Penn Wharton Budget Model. Both of them increase the deficit relative to the current baseline.

When the government gives money to individuals and businesses, as both candidates propose, that’s good for the recipients, and broadly good for economic growth, but it also accelerates the growth of the national debt, which is already at worrisome levels.

Keeping Trump’s campaign promises would increase the national debt by $5.8 trillion over 10 years, while Harris’ would cost $1.2 trillion.

Read the full article.

Trump plans would add $5.8 trillion to national debt https://t.co/389v8WvxLA

— Axios (@axios) August 28, 2024