Tuesday, October 11, 2016

AP: Economists say Trump's economic plan is an impossible blend

By Jonathan Lemire and Nicholas Riccardi:

Marc Goldwein, the senior policy director of the nonpartisan Committee for a Responsible Federal Budget, said Trump is "relying on very rosy economic assumptions that I don't think are going to come to fruition."

The economy is currently expected to grow by roughly 2 percent a year, and economists say Trump's proposed restrictions on immigration would be among the many things hampering his ability to double that rate of expansion.

If growth remains around a more realistic 2 percent, Goldwein said, Trump's plan would add roughly $5 trillion to the nation's debt. Though Clinton's tax hikes could slow the nation's growth, he said, they'd pay for far more of her spending proposals and lead to a deficit a tenth the size of Trump's.

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