Spending plans by Joe Biden, Donald Trump hike federal debt by $5 trillion over 10 years: study

Spending plans by Joe Biden, Donald Trump hike federal debt by $5 trillion over 10 years: study


Both President Trump and Democratic rival Joseph R. Biden would increase the nation’s debt by an additional $5 trillion over 10 years if they were able to muscle through all their major campaign policy proposals — and that’s on top of any extra COVID-19 relief, according to a new analysis.

Mr. Trump would add $4.95 trillion to the federal debt held by the public over the next decade compared to Mr. Biden’s $5.6 trillion, according to the study by the nonpartisan Committee for a Responsible Federal Budget.

“These folks are making a lot of promises that would be very expensive if additional pay-fors are not mentioned,” said Marc Goldwein, the group’s senior vice president.

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The proposed spending sprees would push federal debt to 125% of gross domestic product under Mr. Trump and 128% under Mr. Biden by 2030, well above the projected 109% under current law, the study showed.

The president would spend roughly $2 trillion on infrastructure, at

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