April 10, 2018 - San Francisco – Democratic Leader Nancy Pelosi issued this statement after the CBO released a report forecasting annual deficits of nearly $1 trillion or more every year President Trump remains in office:

“The CBO’s report exposes the staggering costs of the GOP tax scam and Republicans’ contempt for fiscal responsibility.  In their craven haste to give corporations and the wealthiest 1 percent massive tax breaks, Republicans saddled our children and grandchildren with trillions of dollars of debt.  

“Republicans are now trying to cynically force seniors and hard-working families to pay for the GOP’s giveaways to the wealthiest 1 percent.  Republicans’ radical balanced budget amendment would ransack Medicare, Medicaid and Social Security, devastating millions of Americans across the country.  Gutting investments in the health and financial security of the American people will only widen deficits and weaken the economy over the long-term.

“The American people cannot afford Republicans’ fiscal hypocrisy and their relentless efforts to enrich the special interests on the backs of working families.  Democrats will continue to fight for real action to create good-paying jobs, reduce the deficit and grow the economy for everyone, with A Better Deal: Better Jobs, Better Wages, Better Future.”
Source: Democratic Leader Nancy Pelosi

Related Information:  CBO’s Budget and Economic Outlook for 2018 to 2028 Finds Federal Budget Deficit Rises Substantially, Boosting Federal Debt to Nearly 100 Percent of GDP by 2028