“… In February, a preliminary presidential budget proposal projected deficits of $7.1 trillion over the course of a 10-year window. But updated estimates indicate that initial benchmark was off by more than $900 billion, with annual deficits eclipsing $1 trillion as soon as next year. 'This is a striking acknowledgment following almost two years of claims that economic growth unleashed by [tax cut and spending hike] policies will wipe deficits away,' Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said …”
Read the full article on: U.S. News & World Report