Quote:
Originally Posted by Mathgod
When you balloon the national deficit like Trump did, you're basically withdrawing from the future to make things better now. It's not sustainable long term. Biden couldn't reverse the Trump tax cuts for the rich, which is why deficits continue to be high. Also, investments in infrastructure and climate action were badly needed, and were neglected under Trump.
Trump also slashed environmental regulations across the board and allowed companies to pollute rampantly. Of course removing regulations is economically stimulative, but it comes at a terrible cost.
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If we remove the COVID years, for obviously anomalous reasons, the deficit has almost doubled between 2019 and 2024. Trump essentially doubled the deficit during his term and Biden kept the trend going and doubled it during his term.