The Rising Price of Trump’s Border Wall
WASHINGTON, DC – As a candidate, Donald Trump insisted on one signature issue above all: the United States will build a wall along its border with Mexico, and Mexico will pay for it. Seven months after taking office, however, Trump has made no progress on either front: political support for a new wall is diminishing, and the chance that Mexico will pay anything for it is essentially zero and seems to be off the agenda.
Now, Trump is doubling down – and threatening to shut down the government, or even default on the federal debt, unless Congress provides funding for a wall that he promised would cost US taxpayers nothing. If Trump escalates this confrontation, the costs for Americans – in terms of economic uncertainty and slower growth – are likely to pile up.
The amounts of money involved are not large relative to the overall size of the US government. In Trump’s first full-year budget, initial spending on the wall was put at $1.6 billion, with the president estimating that the total cost will be $12 billion (although other estimates are considerably higher). Compared to total US government spending of $3.9 trillion in 2016, that is a drop in the bucket. The argument here is about principles: what would a border wall really achieve from a practical standpoint, and what would it symbolize? But the precise rules about purse strings determine how this argument will play out.