Recently, the Congressional Budget Office (CBO) released a report stating the national debt will increase by an additional $1.9 trillion over the next 10 years due to Trump’s tax cuts. Unfortunately, while the growing national debt has led to hand-wringing from Republicans and Democrats, a logic-defying narrative has emerged on what is to blame. Therefore, it needs to be made clear: No, the Trump tax cuts are not blowing up the debt. It should first be stated that the CBO’s numbers ought to be taken with a grain of salt, because the CBO is almost always wrong — quite often, spectacularly so.
