Tags: National Debt | Trump Administration | steve womack | deficit increases | worth it | economy | budget

Rep. Womack: Deficit Increases Will Be 'Worth It' for Economy

(CNBC's "Squawk Box")

By    |   Tuesday, 13 February 2018 03:21 PM

Increases in the deficit in President Donald Trump's budget will be worth it for the growth in the economy, Rep. Steve Womack, R-Ark., said Tuesday.

"While there are going to be some near-term deficit increases, we think the long-term health of the American economy is going to be much better as a result . . . if we can get sustained 3 percent growth, then we will have achieved a great victory," Womack, the House Budget Committee chairman, told Tuesday's CNBC "Squawk Box."

Republican support for the president's $4.4 trillion budget does not mean the party's message is changing, Womack said.

"We're still the party that believes in a very strong national defense posture. National security is very important to a lot of us.

"Building the nation's infrastructure is a key to helping jump-start an economy that's been in some anemic growth pattern for the last several years," Womack added.

After the passage Friday of the Bipartisan Budget Act, Womack released a statement, TV station 5 News reported.

"The bill isn't perfect, but it does do a lot of good for the country, including boosting the investment in our national defense and improving resources for the brave men and women in uniform who serve on our behalf," he said in the statement.

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Rep. Steve Womack, R-Ark., said increases in the deficit in President Donald Trump's budget will be worth it for the growth in the economy.
steve womack, deficit increases, worth it, economy, budget
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2018-21-13
Tuesday, 13 February 2018 03:21 PM
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