Trump once vowed to wipe out the federal deficit. Now he's just pretending
WASHINGTON Promises made, promises kept has been one of President Trumps frequent boasts in his campaign for a second term.
So it was a little awkward this week when his own proposed budget acknowledged, in the fine print, that several of his key promises havent been kept at all.
When Trump ran in 2016, he promised that if Congress enacted big tax cuts for corporations, economic growth would soar to 4% or more. I actually think we can go higher, he said.
He promised to balance the federal budget in eight years, a longstanding Republican aim that those economic growth rates could make possible.
Neither goal is being met not even close.
https://www.msn.com/en-us/news/opinion/doyle-mcmanus-trump-once-vowed-to-wipe-out-the-federal-deficit-now-he-s-just-pretending/ar-BBZVPJI?ocid=msn360
Same shit Reagan and G DUHbya pulled.
Midnight Writer
(21,768 posts)Supply side nonsense has been the ruling philosophy of the Republican Party, even though it fails to meet its goals every single time it is implemented.
Girard442
(6,075 posts)Yes, it would collapse the world economy, but it would reduce the debt to zero.
Newest Reality
(12,712 posts)what does he really know about any of it, actually?
Now, maybe up the dose of Adderall and other cool head treats, and, WOW, he's going to be knowing more things and getting right on it like a horny chinchilla on a balled-up sock! I mean the rhetoric alone will work like a spell and take on form, manifesting as a magic army of growth gnomes. He will literally inject himself into the economy, (NSFW stuff here) and pump it up with super sauce.
He'll have the deficit going up and down simultaneously and that's what we really need now: paradox economics.
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SCantiGOP
(13,871 posts)We are only half way through the period so that is just an educated guess, but we are definitely seeing a slowdown.