Neither Clinton nor Trump would reduce the national debt

posted by
July 28, 2016
by Peter Suderman  
Posted in Commentary

"Tonight's Democratic National Convention featured a brief video starring former Obama administration economic adviser Gene Sperling. Sperling brought up a topic we haven't heard a whole lot about at this year's DNC: the federal debt. His point was that GOP presidential nominee Donald Trump would be far worse for the national debt than Hillary Clinton. By all accounts, Sperling was right: Although Trump's economic plans are frustratingly vague and difficult to pin down, every credible attempt to estimate has found that his plans would massively increase total debt. ... But here's the thing: Hillary Clinton would also let the debt rise substantially. Under her plans, according to the same CRFB analysis, debt held by the public would rise from $14 trillion to $23.9 trillion over the next decade. Gross national debt would rise from $19 trillion to more than $29 trillion." (07/27/16)  

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