Re: God bless America ¶
By: gianlini on Sabato 14 Settembre 2019 13:22
Bisogna ammettere che Xtol questa volta ci ha offerto un bel pezzo:
But Donald Trump is the most reckless, irresponsible president we’ve had since Lyndon Johnson, in terms of fiscal policy.
This guns-and-butter deal for two years that he just signed with the Democrats and the Congress was an abomination. It added $1.7 trillion more to the debt over the next 10 years. It eliminated entirely these spending or sequester caps that we’ve had since 2011.
But the more important point is that all deficits are not created equal. Deficits of a large magnitude at the top of the longest business expansion in history are an absolute abomination.
Trump has created a monster defense budget for no reason except that he’s stupid and has been totally bamboozled by the military and the defense contractors. After all, we’ve got defense contractors running the Department of Defense. First, it was Boeing, now you have another guy in there who spent his whole life in the defense contract business.
Let’s just consider what Trump has already done at the worst time in the cycle. In the four budgets that he’s now signed up for, including this last deal, he’s increased spending by $140 billion per year.
How does that compare to Bill Clinton?
In 2019-dollars purchasing-power terms, Clinton’s budgets went up $40 billion a year.
Obama—the big spender, the terrible Democrat Socialist that Trump is always ranting about—his nine budgets went up $75 billion per year. And that’s including the huge deficit spending breakout of 2009 during the recession.
So, at the very worst time in the business cycle, Trump is massively increasing the structural deficit.
Last edited by: gianlini on Sabato 14 Settembre 2019 13:24, edited 1 time in total.