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July 28, 2016

Deficit Chart

Chart of the Day: Donald Trump's Deficit Busting Budget Plan

By Kevin Drum

I know no one cares about this because it's boring policy stuff and no one takes any of Donald Trump's policy suggestions seriously in the first place, but I'm trying to fill the time while the B-listers natter on at the Democratic convention. I was disappointed that Jerry Brown didn't do a better job, but California already has all the great weather, so I suppose I can't complain that we don't have all the great convention speakers too.

Anyway, here's the Committee for a Responsible Budget on what the national debt would look like under President Trump vs. President Clinton:


According to the CFRB, Hillary Clinton has proposed $1.4 trillion in new spending and $1.2 trillion in revenue increases to pay for it. Pretty close! Donald Trump's proposed budget, by contrast, is about $10 trillion out of whack.

On the bright side, the top 1% get their taxes reduced by about 12 percentage points. So it's all good.

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