CRFB Calculates What Donald Trump's Revised Tax Plan Will Do To US Debt
Monday, August 8, 2016 at 08:48PM
Following the release of Donald Trump's "original" economic plan, his opponents had a field day with his tax proposals and economic agenda, which according to the Committee for a Responsible Federal Budget (CRFB) would boost US Federal debt by $9.25 trillion from the tax cuts alone, while his comprehensive agenda would add over $11.5 trillion to the national US debt. Needless to say, the Fed and other central banks who are desperate to find more securities to monetize, were salivating at the option, although it probably would be difficult to explain a decade from now why US debt is yielding 0%, or negative, with a debt/GDP ratio of over 200%.
Which is why, Trump had no choice but to revise his economic proposal which he did earlier today, in a speech which as we reported was interrupted at least 14 times.
More importantly, moments ago the CRFB scored Trump's adjusted proposal, and found that as a result of the revisions to his tax plan, total US debt would increase by only $2.55 trillion over a decade, nearly five times less than his original proposal, and certainly a far more realistic number to pitch to America's conservatives.
Here is the CRFB's assessment:
Silver prices are taking a breather at sub - $20.00/oz same as gold prices...
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