Without finding some new ideas, the GOP risks adding trillions of dollars to future deficits by passing Trump’s agenda, something many conservatives are loath to do.
“I just don’t see them getting the money. There’s no ‘there’ there, to be quite honest about it. If they want to spend money, they’re going to end up putting it on the debt,” said former Sen.
Judd Gregg (N.H.), who previously served as the Republican chair of the Senate Budget Committee.
“If you take all the big pots of money off the table, it becomes very hard to find enough savings to offset $4 [trillion], $5 — or more — trillion in tax cuts, let alone bring the debt down, which is the stated goal of many members,” she said.
“People say you can’t touch benefits for anything, you can’t raise taxes. OK, then we’re going to have a debt crisis. That is the result of not talking about benefits and/or taxes,” she warned.
Extending Trump’s expiring 2017 tax cuts would add an estimated $4.6 trillion to the debt over the next decade.
In addition, the House and Senate Republicans are calling for the federal government to spend between $200 billion and $350 billion [
more, i.e. additional spending] to secure the nation’s borders and between $100 billion and $150 billion to beef up defense spending.
Budget experts say negotiators will have a very difficult time finding $1.5 trillion in savings. [And even if they do, that's not going to counterbalance $4-$5 trillion to pay for the tax cuts.]