By Robert Wenzel
Donald Trump and Ted Cruz are touting policies that would boost public spending by hundreds of billions of dollars even as they vow on the campaign trail to slash the size of government, according to new estimates, says the Committee for a Responsible Federal Budget.
They would increase spending by even more than Hillary Clinton.
“It’s a bit of a shocker. In this election there are a lot of shocking things,” said Maya MacGuineas, president of the CRFB. “We are talking about an expansion of government by this amount at a time when public debt is already so high.”
Cruz would be the biggest spender.
Over ten years Cruz would boost spending by 6 per cent to an average of $5.4tn a year — equal to 23.4 per cent of gross domestic product — from $5.1tn under current law.
Trump would raise spending by 3-4 per cent to an average of $5.3tn per year.
Cruz’s spending is a result of his proposed outlays on defense. Trump’s numbers are pushed up by an expensive proposal to expand healthcare for military veterans.
Hillary Clinton, has announced plans that would boost annual spending by 2 per cent to $5.2tn or 22.5 per cent of GDP.
This article originally appeared at EconomicPolicyJournal.com
Image credit: Gage Skidmore