The nonpartisan Committee for a Responsible Federal Budget (CRFB) concluded in a paper in September that Clinton's plan would largely pay for her spending proposals but still raise the debt compared to current law. The CRFB said that the proposals would increase the national debt by $200 billion over 10 years. However, if revenue from Clinton's unspecified business tax reform is factored in, she would slightly lower deficits, the group found. Clinton would add significantly less to the debt than Trump's plan would, according to the CRFB. The organization found that Trump would increase the debt by $5.3 trillion over 10 years. Neither candidate has put forth plans to reduce the debt, which is projected to increase by $9 trillion over 10 years under current law, the CRFB said. Debt would increase from 77 percent of gross domestic product (GDP) to 86 percent of GDP over 10 years under Clinton's plan, and it would increase to 105 percent of GDP under Trump's plan, according to the group's analyses.
Donald Trump’s policy proposals as a candidate for president would have a deleterious effect on the federal budget. Until recently, the Trump campaign did not provide a sufficient degree of specificity in its policy proposals to make an analysis feasible. However, more recent proposals have included greater detail, while other organizations, most prominently the Tax Policy Center (TPC) and the Committee for a Responsible Federal Budget (CRFB), have provided excellent third-party estimates of the current candidates’ proposals.
Clinton hasn't proposed any particular measures to scale down debt, but her policies will likely not be conservative from a budgetary standpoint. However, as The Wall Street Journal explained, “The Committee for a Responsible Federal Budget, an organization that advocates for debt reduction, estimates that Mrs. Clinton’s spending and tax policies would essentially hold the national debt on the trajectory it faces under current law.”
According to the nonpartisan Committee for a Responsible Federal Budget, both candidates will add to the national debt if they get everything they propose. Clinton's policies would add roughly $200 billion to the debt over the next 10 years, while Trump would add a lot more: $5.3 trillion.
Fact-check No. 14: Clinton claims her tax plan wouldn't add anything to the national debt.
Clinton: "What I have put forward doesn't add a penny to the debt."
Our grade: False
Explanation: Clinton claims her tax plan won’t "add a penny" to the national debt, but the nonpartisan Committee for a Responsible Federal Budget estimates that her economic plan will increase the debt by an additional $200 billion over a decade.
Regardless of which candidate is elected to the White House, the national debt, which is currently more than $14 trillion, is likely to grow by about $9 trillion over the next 10 years, according to the Committee for a Responsible Budget.
The Committee for a Responsible Federal Budget, a budget/debt watchdog group (sometimes considered a budget hawk group), estimate her policies would add roughly $200 billion to the debt over the next decade. That said, Trump’s plans would add far more by the committee’s estimates: More than $5 trillion in additional debt over the same timeframe. In a blog posted earlier today, the group noted other differences between the two this way: “While Clinton has put forth a serious effort to pay for her proposals, neither candidate would address the unsustainable trajectory of our nation’s debt — and Trump would substantially worsen it.”
Analysts at the Committee for a Responsible Federal Budget, which advocates for deficit reduction, say it is fanciful to suggest the actuarial imbalance of the program can be addressed by simply getting rid of waste, fraud and abuse, as Mr. Trump has suggested.
The Committee for a Responsible Federal Budget predicts that under Clinton’s policies, the debt would increase by $9 trillion over a decade.
The Committee for a Responsible Federal Budget estimated that Clinton’s policies would add $200 billion to the debt over 10 years, when measured against the projected levels under current law. (Trump’s plans, the group found, would add $5.3 trillion to the debt.)
On Tuesday, the non-partisan Tax Policy Center said that Clinton’s plan, which would raise taxes, would lower the debt by $1.4 trillion over the next decade. But that’s from where the debt is expected to be based on current tax rates, not where it is today. What’s more, that’s only half the story. The Tax Policy Center’s analysis didn’t take into account Clinton’s spending proposals. Factor in her spending proposals and the debt is projected to grow from $14 billion currently to $23 billion in a decade, or roughly nine trillion pennies., according to an analysis by the Committee for a Responsible Federal Government.