CBO to Trump: Get Real

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Donald Trump thinks that slashing spending will reduce the federal deficit. Fair enough. It will. But would his proposed cuts reduce the deficit by $10 trillion over the next decade? CBO thinks he’s off by several trillion dollars. Here’s why:

Trump believes that his cuts would supercharge the economy and get it to 3 percent annual growth. CBO, which is required to be reality-based, figures his cuts would increase growth by about 0.1 percent. That puts long-term growth at 2 percent per year.

Of course, CBO isn’t taking into account the effect of Trump’s massive tax cuts for the rich. That’s because they don’t exist. Trump himself, however, is under no such constraints, and his budget simply assumes the tax cuts will happen and the results will be spectacular. When you can say anything you want, that’s the kind of fantasy you come up with.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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