Trump spent a lot of money and ran a sizable deficit. Given the tone of both Trump and Vance, I expect they will do it again, given the opportunity.
As will Harris. The best outcome from that standpoint is probably for one party to control the White House and the other one or both houses of Congress.
Trump spent a lot of money and ran a sizable deficit. Given the tone of both Trump and Vance, I expect they will do it again, given the opportunity.
As will Harris. The best outcome from that standpoint is probably for one party to control the White House and the other one or both houses of Congress.
The “incremental” deficits from 2017-2019 were a lot lower than the incremental deficits from 2021-2024.
By incremental I mean deficit - starting deficit the candidate had the year before taking office. In the 2021-2024 case we will use 2019.
Even that is being generous as while 2020 can deserve some bi-partisan blame I still think the left owned COVID more.
Harris/biden passed a series of very high spending party line spending bills. Larry summers called it the worst economic policy in 40 years, said it would cause a lot of inflation, and it did. I think based purely on the numbers Harris/biden was clearly worse on spending by Trump by a long shot.
I would add that a spending fueled deficit seems worse to me than a tax cut fueled deficit.
What we are likely to get from Harris is some very bad taxes on “the rich”, SALT deduction and other measures stop subsidize blue state spending, student loan forgiveness, more Ed’s and meds subsidies, and a bunch of industrial policy.
Trump spent a lot of money and ran a sizable deficit. Given the tone of both Trump and Vance, I expect they will do it again, given the opportunity.
As will Harris. The best outcome from that standpoint is probably for one party to control the White House and the other one or both houses of Congress.
Agreed that trump spends too much, but I don’t think it’s true that the two parties are approximates on spending.
Trump spent a trillion on covid response. Biden spent as much or more on giveaways. These are not the same.
The “incremental” deficits from 2017-2019 were a lot lower than the incremental deficits from 2021-2024.
By incremental I mean deficit - starting deficit the candidate had the year before taking office. In the 2021-2024 case we will use 2019.
Even that is being generous as while 2020 can deserve some bi-partisan blame I still think the left owned COVID more.
Harris/biden passed a series of very high spending party line spending bills. Larry summers called it the worst economic policy in 40 years, said it would cause a lot of inflation, and it did. I think based purely on the numbers Harris/biden was clearly worse on spending by Trump by a long shot.
I would add that a spending fueled deficit seems worse to me than a tax cut fueled deficit.
What we are likely to get from Harris is some very bad taxes on “the rich”, SALT deduction and other measures stop subsidize blue state spending, student loan forgiveness, more Ed’s and meds subsidies, and a bunch of industrial policy.