Monday, November 21, 2016

Deficits could stand in the way of Trump's agenda

Deficits could stand in the way of Trump's agenda

Trump called during the campaign for a $1 trillion infrastructure package, $5 trillion in tax cuts, increases in military spending and the repeal ObamaCare, which could cost more than $350 billion over 10 years.

At the same time, the president-elect has promised “not to touch” Social Security or make cuts to Medicare.

The cost of Trump’s plans and the lack of concrete details on how to pay for them could become a problem for congressional Republicans next year, especially when they are faced with raising the nation’s $20 trillion borrowing limit sometime after March.

http://thehill.com/policy/finance/306855-deficits-could-stand-in-the-way-of-trumps-agenda

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