Sen. David Perdue (R-.Ga) stood on the Senate floor a little more than one month ago and declared that “we have a budget crisis. We have a debt crisis.” Two weeks ago, he wrote in an op-ed that “President Obama’s budgets ignored fiscally responsible principles, instead leaving an ever-growing mountain of debt for taxpayers down the road,” and he urged the United States to pass a balanced-budget amendment ensuring that the government can’t spend more than it takes in.
But asked about President-elect Donald Trump’s fiscal plans on Wednesday morning, Perdue sounded much less of an urgent note.
“Well, I think there’s a short-term view and a long-term view. What we need is a long-term strategy, and by long-term, I’m talking, you’re going to say, 30 to 40 years to solve this debt crisis eventually,” Perdue said in an interview on CNBC…
Trump’s proposals — which include an unprecedented $1 trillion infrastructure spending plan over 10 years and trillions more in tax cuts — would grow the debt far more than under current law, as this chart from the nonpartisan Committee for a Responsible Federal Budget shows.