Speaking of spending cuts, a big story in WSJ argues that the House budget makes the deficit worse.

Not so fast. Trump economist Kevin Hassett on Friday identified a big flaw in the CBO budget forecast for making the Trump tax cuts permanent. It doesn’t account for any economic growth.

The CBO says the Trump tax cut will “cost” $4.5 trillion over 10 years. But as Hassett notes, if we get just 3% growth, the picture improves markedly with $4 trillion smaller deficits.

Regular HOTLINE readers will recall we’ve made this point repeatedly with the graph below.

If we get 3% real GDP growth then we get to a balanced budget, as the latest version from UP Economic Advisory Council member, Louis Woodhill shows. (We highly recommend his great new book FIX THE FED, which will be on Amazon soon.)

Should we believe CBO? These are the bean counters who were off by $1.5 trillion in scoring the 2017 Trump tax cut. Will Republicans let them fool us again?