"In the first budget cycle fully under their control, Trump and the Republican-run Congress are likely to run a deficit that will top $1 trillion, some two-and-a-half times as big as the one Trump had complained about at his Sept. 30, 2015, rally in Keene, New Hampshire. And given how sharply the just-passed tax cuts will reduce revenue in the coming years, those $1 trillion annual deficits could well extend through Trump’s remaining three-to-seven years in office. "He tried to make it seem that he could cut taxes, raise spending and eliminate deficits all at the same time, to make it seem like he’s a miracle worker,” said Collender, a longtime former congressional budget committee staffer. “It’s impossible. People who believed him really don’t understand how things work.”