Former CIA Chief: Trump's Economic 'Boost' Poses a Hidden $7 Trillion Threat

Former CIA chief Leon Panetta warns that President Trump's economic policies could lead to a $7 trillion increase in the national debt over the next decade.

In a speech at the Center for American Progress, Panetta said that the Trump administration's tax cuts and increased spending will "add $7 trillion to the national debt over the next 10 years."

Panetta said that this increase in debt will make it more difficult for the government to respond to future economic crises.

Panetta's concerns about Trump's economic policies are shared by many economists.

A report by the Congressional Budget Office (CBO) found that the Trump administration's tax cuts will add $1.9 trillion to the national debt over the next decade.

The CBO also found that the Trump administration's increased spending will add $5.6 trillion to the national debt over the next decade.

Panetta and other experts argue that the Trump administration's economic policies are unsustainable and will lead to economic problems down the road.

Panetta's Speech: In His Own Words

"The Trump administration's tax cuts and increased spending will add $7 trillion to the national debt over the next 10 years," Panetta said. "This will make it more difficult for the government to respond to future economic crises."

"We need to be honest with the American people about the costs of the Trump administration's economic policies," Panetta said. "These policies are not sustainable and will lead to economic problems down the road."

Conclusion

The Center for American Progress is a nonpartisan research and policy institute that seeks to promote the progressive ideal.