He was adding to the deficit significanty before COVID
by wpkirish (2024-02-12 16:07:05)

In reply to: As the pandemic was happening, yes  posted by El Kabong

Cannot Reply Return to Political

The trump tax cuts were supposed to lead to capital investments spurring the economy to such strenghts the deficit would be reduced. Of course that did not happen.

This quote is from the CBO Director in January 2020 before any COVID spending.

“Not since World War II has the country seen deficits during times of low unemployment that are as large as those that we project — nor, in the past century, has it experienced large deficits for as long as we project,” Phillip Swagel, director of the CBO, said in January 2020.



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