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eli1601 · 70-79, M
When did we start worrying about deficits
Khenpal1 · M
@eli1601 One should, the rescue operation from 2008 can't be used again . Even at best scenario it can become super expensive to be US citizen in the future.
The Trump administration doesn’t want to explain how it’s going to manage the U.S. economy out of a recession if one happens on its watch. The traditional federal response of tax cuts and spending increases might not be as politically palatable as it has been in the past given that it could drive the annual deficit to close to $2 trillion.
The budget policymakers on Capitol Hill and in the Trump White House obviously aren’t focusing on much beyond 2018 and 2020. But they should at least be willing to admit there’s a problem that will continue long after the votes have been counted in those elections.
The Trump administration doesn’t want to explain how it’s going to manage the U.S. economy out of a recession if one happens on its watch. The traditional federal response of tax cuts and spending increases might not be as politically palatable as it has been in the past given that it could drive the annual deficit to close to $2 trillion.
The budget policymakers on Capitol Hill and in the Trump White House obviously aren’t focusing on much beyond 2018 and 2020. But they should at least be willing to admit there’s a problem that will continue long after the votes have been counted in those elections.