Trump May Be The Most Fiscally Reckless President In American History

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All of this makes it quite easy to confirm that, less than 18 months into his administration, Donald Trump is the most fiscally irresponsible president at least in recent American history…and quite possibly of all time.
Trump’s behavior on everything and anything having to do with the federal budget has become blatantly predictable and painfully obvious. It always includes some combination of:

1. Proposing whatever he wants on revenues and spending regardless of whether it is the right policy for the economy.

2. Making up his own rules of economics, mathematics and budgeting to justify what’s being proposed and make them politically palatable.

3. Discrediting the facts when they get in the way of what he wants to do and demeaning those that produce them.

4. Ignoring reality when what actually happens turns out very different from what he swore would occur.

5. Paying no attention whatsoever to the budget deficit and national debt.
Trump’s big tax cut demonstrates every ingredient of this witches’ brew.
First, the bill’s $1.5 trillion revenue loss, debt increase and stimulus was the absolute wrong fiscal policy with the economy so strong.
Second, no amount of Trump insistence and bullying about dynamic scoring was going to make that tax cut revenue neutral.
Third, even when they came from Republican-led groups like the Joint Economic Committee, nonpartisan groups like the Congressional Budget Office and Wall Street, the analyses (and those that did them) showing Trump to be wrong were trashed by the White House.

Fourth, now that the tax cut has been enacted, Trump doesn’t seem to care that his promise of a deficit-neutral bill was flat out wrong even though it will cause the budget deficit to reach record heights in good economic times.

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