The analysis comes courtesy of the Washington, D.C., based Center for a Responsible Federal Budget (CRFB). By comparison, during the less than eight years of President Obama's presidency, the U.S. debt has risen by roughly $6 trillion, about half the cost of Trump's plan.
The report published by the independent Committee for a Responsible Federal Budget took into account every proposal made by Trump and Clinton and analyzed how they would collectively affect the federal budget.
Those are the findings of the Committee for a Responsible Federal Budget, a nonpartisan group that advocates for deficit reduction.
Under the plan put forward by Mr. Trump, the presumptive Republican nominee, the U.S. debt would grow to 127% of the entire economy, up from 75% today, according to the analysis by the nonpartisan Committee for a Responsible Federal Budget, which advocates bringing down the national debt.
The 56-page report, issued June 26 by the Committee for a Responsible Federal Budget, said campaign proposals by Hillary Clinton, Trump's presumptive Democratic opponent, would also add to the debt, but by a much smaller amount.
Hillary Clinton's tax and spending proposals, by contrast, net out almost dollar for dollar, according to a new analysis by the Committee for a Responsible Budget. Over 10 years, she would add $250 billion to the national debt, while Trump would add $11.5 trillion.
Republican presidential candidate Donald Trump’s proposals would add $11.5 trillion to federal debt over the next decade, according to the Committee for a Responsible Federal Budget.
That’s the conclusion that my organization, the Committee for a Responsible Federal Budget, came to in our new comprehensive analysis of the policies put forward by former Secretary of State Hillary Clinton and businessman Donald Trump.
Given this large shortfall, what policymakers should focus on is solvency first. But unfortunately, the recent conversation about how to fix Social Security’s long-term finances has been replaced by calls from some for broad-based expansion of benefits for all retirees, even the richest seniors.
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, appeared on Face the Nation on Sunday to preview her group’s report. Essentially she warns neither candidate is serious about the debt, but Donald Trump is a whole lot worse.