I am sad to say that most Trump True Believers will likely believe the charlatan. If you like to live in the real world this is a good Fact Check. AP FACT CHECK: Trump dubs tax cuts an "economic miracle"
I mean it is easy to make the country's economy growth if you are willing to borrow trillions of dollars from our kids. But at least be honest about what you are doing. This is the same game Dayton and the DEMs did in MN, they passed huge bonding bills and claimed economic success.
I mean it is easy to make the country's economy growth if you are willing to borrow trillions of dollars from our kids. But at least be honest about what you are doing. This is the same game Dayton and the DEMs did in MN, they passed huge bonding bills and claimed economic success.
It is easy to grow an economy by borrowing... Duh... I could go one heck of a spending spree if I was putting it on someone else credit card...
"KUDLOW: "As the economy gears up, more people working, better jobs and careers, those revenues come rolling in, and the deficit, which is one of the other criticisms, is coming down, and it's coming down rapidly."
THE FACTS: Nope.
Since the fiscal year started in October, Treasury Department reports show the federal government has recorded a $385.4 billion deficit, a 12 percent jump from the same period in the previous year.
The Congressional Budget Office was even more blunt in a long-term assessment released Tuesday.
It estimates that the national debt — the sum of yearly deficits — will be $2.2 trillion higher in 2027 than it had previously forecast, largely a consequence of Trump's 10-year, $1.5 trillion tax cut. The size of the debt could be even higher if provisions of the tax cut that are set to expire are, instead, renewed."And worse yet Trump wants to double down on this childish behavior. I say childish because responsible adults pay their bills, they don't charge up their credit card and give the bill to their kids.
A few more interesting links:
From personal experience I can confirm that my employer is not sharing the new found wealth. And based on most sources this seems typical.
The good news of course is that I am fairly wealthy and benefit from increases in the stock market. However now Trump is working to disrupt that also.