Larry Kudlow says the deficit is shrinking. It’s not.

(Image credit: Screenshot/Twitter/Fox Business)

published 29 June 2018

Haters said shrinking the deficit "couldn't be done," National Economic Council Director Larry Kudlow claims. They were right.

America's growing economy is driving the deficit down, Kudlow insisted on Fox Business Network on Friday. But economists and the government itself say the opposite is true.

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But that growth isn't as promising as Trump claims, and it's certainly not rapid enough to stave off an expanding deficit. Debt is on track to be its highest in U.S. history thanks to Trump's deficit spending, the nonpartisan Congressional Budget Office projected Tuesday. The Republican tax plan passed in December, which was expected to add $1.4 trillion to the deficit in the next decade, didn't help either.

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Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.

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