You'd think 18 years is a long time. In this realm of inexorable math, it's nanoseconds. From the nonpartisan Committee for a Responsible Federal Budget:
In 2034 — when today's 49-year-olds reach the normal retirement age and today's youngest retirees turn 80 — all beneficiaries are projected to face a 21 percent across-the-board benefit cut.
Priebus also said that “a Clinton presidency only means more debt.” Yes, but Clinton’s plan would result in a “relatively small” increase in the debt, according to the nonpartisan Committee for a Responsible Federal Budget. On the other hand, the group found that Trump’s tax and spending plan would cause a “massive increase” in the debt.
“It was pretty galling to brag about the biggest tax cut of any candidate at a time we have near-record debt levels, and on top of that, not even have a plan to cut spending,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a non-partisan budget watchdog.
10:40 minute mark mentioned Committee for a Responsible Federal Budget
The experts, of course, say that’s just not possible. By repealing Obamacare and replacing it with TrumpCare, The Committee for a Responsible Federal budget, a nonpartisan group, estimates that 21 million more Americans would be uninsured under Trump’s plan over the next decade. Sounds like, uh, not everybody.
Republican National Convention: Day 3 Updates: Fact Check: Pence's attack on Clinton's 'borrowing and spending'
The nonpartisan Committee for a Responsible Federal Budget, which pushes for reducing the national debt, concluded that Donald Trump’s tax and budget proposals would send the national debt soaring over the next ten years—by another $11.5 trillion — while Clinton’s proposals would have a negligible effect.
But the nonpartisan Committee for a Responsible Federal Budget found that Trump’s tax and spending plan would cause a “massive increase” in the debt, while Clinton’s plan would result in a “relatively small” increase.
GOP Vice Presidential Nominee Mike Pence is partially correct about the national debt and Hillary Clinton's tax and spending plans: 2016 RNC Fact Check
The nonpartisan Committee for a Responsible Federal Budget found that Trump's tax and spending plan would cause an $11.5 trillion increase in the federal debt over the next decade, while Clinton's would cause a $250 billion increase over that period.
The Committee for A Responsible Federal Budget released a comprehensive fiscal analysis of the Trump Campaign Platform, and the report found that Trump’s policies would actually accelerate the growth of our national debt and increase it by $11.5 trillion dollars! TRILLION with a “T” like Trump!
CQ Budget Tracker: Tax Trouble
Should he win the presidency, Trump will need the help. The billionaire real estate mogul's first attempt at a tax-cutting plan was widely panned as unaffordable. The plan, which would slash marginal income tax rates and increase standard deductions to nearly four times current levels, is officially revenue neutral, according to an explanation on Trump's campaign website.
The problem for Trump is that virtually nobody outside the campaign finds the claim credible. The liberal-leaning Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution, pegs the cost at $9.5 trillion over the first decade. The conservative-leaning Tax Foundation says the cost is even higher, reaching $10.1 trillion in the first 10 years — even after accounting for the economic growth that could be spurred. The Committee for a Responsible Federal Budget, a nonpartisan budget watchdog, says Trump's policies would add $11.5 trillion to the national debt in 10 years, mostly because of his tax cuts.