Re:The U.S. government is set to borrow nearly $1 trillion t...
by heimidal on Saturday February 03, 2018 @11:27PM
(#16301343)
It’s quite convenient to present those numbers without context.
In the context of prior performance and international circumstances, Obama brought the deficit down from the end of the Bush era as a recession began to recover, but the first few years required clear action. Trump, meanwhile, is going to drastically increase the deficit during an economic boom.
It should be obvious that Obama’s deficits were strategically necessarily while Trump’s coming deficit makes no financial sense.
In the context of prior performance and international circumstances, Obama brought the deficit down from the end of the Bush era as a recession began to recover, but the first few years required clear action. Trump, meanwhile, is going to drastically increase the deficit during an economic boom.
It should be obvious that Obama’s deficits were strategically necessarily while Trump’s coming deficit makes no financial sense.