White House attacks CBO health care inaccuracy, misspells 'inaccurately'

Trump's Budget Doesn't Balance Federal Ledger CBO

Trump's Budget Doesn't Balance Federal Ledger CBO

The Trump White House on Wednesday put out a video that attacked the Congressional Budget Office's accuracy in forecasting economic statistics - but the video itself misspelled the word "inaccurately".

Earlier this year, Trump released a 2018 plan that aimed to balance the federal budget by 2027 and reduce the share of the national deficit relative to the size of the US economy.

The CBO "predicted a big drop in the percentage of people under age 65 who would lack insurance, and that turned out to be the case", FactCheck.org wrote.

Trump's budget will lessen the federal deficit, though not by as much as the Trump administration has claimed.


Trump Talks Up Macron During Joint Presser

To be sure, the president's budget proposal is largely a symbolic measure meant to signal the White House's priorities. Over the next decade, the CBO projects nominal GDP to be 6 percent lower than the White House does, while it expects revenues to be $3.6 trillion, or 8 percent, less than what the White House said.

The CBO noted the reduction in deficits and debt under the Trump budget "would be achieved by decreasing both mandatory and discretionary spending significantly compared with projections under current law". "CBO agrees that this is the largest deficit reduction package in American history".

The Trump White House has been highly critical of the CBO's economic projections early in the administration, pointing to past miscalculations by the nonpartisan agency.

The nonpartisan tax and budget analysis agency estimates the White House budget proposal rolled out in May would cut the federal deficit by almost one-third from 2018 to 2027 compared to current baseline projections. "The people I worked for in the White House would never have done this".

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