Trump 2020 budget has a tremendous amount of borrowing: CRFB president Maya MacGuineas

By Stu OppenheimGovernment SpendingFOXBusiness

Trump’s 2020 budget is unrealistic: Maya MacGuineas

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, on the problems she sees with President Trump’s newly proposed $4.75 trillion budget.

President Trump’s fiscal 2020 budget proposal projects $7.8 trillion in borrowing over the next ten years.

Continue Reading Below

However, the Committee on a Responsible Federal Budget (CRFB) predicts the federal budget to spike closer to $10.5 trillion in borrowing.

“The White House budget is unrealistic,” CRFB president Maya MacGuineas said on FOX Business’ “Countdown to the Closing Bell” Monday.

MORE FROM FOXBUSINESS.COM

The budget calls for $4.746 trillion in spending with revenue coming in short of that with $3.645 trillion. by

“The growth that the government predicts will persist is not predicted by any other serious impartial budget group,” Maya said. “We are also very likely to see a recession in the next decade and that could impact growth significantly.”

CLICK HERE TO GET THE FOX BUSINESS APP

The president’s federal budget proposal goes to Congress to make changes as they see fit.

What do you think?

Click the button below to comment on this article.