Donald Trump’s cunning plan

By The Economist online

SAM CLOVIS, an adviser to Donald Trump, claimed this week that his candidate had a plan including “other factors we are going to propose” that will generate a budget surplus of between $4.5 trillion-7 trillion. That would be remarkable given that the Tax Foundation estimates that his planned tax cuts will reduce revenues by more than $10 trillion or that the Committee for a Responsible Federal Budget puts the total cost of his announced plans at $12 trillion. That is because his proposals include big tax cuts (mainly benefiting the wealthy), and the protection of Social Security and Medicare (bar an impossible claim to save $300 billion on drugs spending when Medicare spent $62 billion on drugs last year).

But it is hard…

Read more here:: The Economist – Economics