Kudlow Falsely Claims Deficit Is ‘Coming Down Rapidly’
Three sources of government data contradict Friday’s claim by the White House economic adviser, showing instead that the federal budget deficit is actually increasing.
Mr. Kudlow observed the six-month anniversary of President Trump’s tax cuts with an incorrect claim, saying the federal budget deficit is “rapidly” decreasing. Three sources of government data show otherwise.
An April report from the Congressional Budget Office projected that the federal deficit will rise from $665 billion in fiscal year 2017, which ended on Sept. 30., to $804 billion during the 2018 fiscal year.
.. Mr. Kudlow subsequently tried to amend his remarks, telling several news outlets that he was referring to future budget deficits, which he believes will come down as a result of economic growth and investment.