President Trump’s 2020 budget is based upon an extremely optimistic view of the nation’s economic future. By contrast, CBO projects real economic growth of about 2.7 percent this year, falling to 1.9 percent in 2020, then ranging from 1.6 percent to 1.8 percent through the next eight years. By contrast, CBO estimates GDP will total $284 trillion, about 17 percent less. A rosy futureIn 2029 alone, Trump projects total US output will exceed $35 trillion, while CBO estimates about $31 trillion—about 11 percent less. Trump’s robust growth estimates not only allow him to project a rosy economic future for the country.

Source: Forbes March 13, 2019 19:30 UTC