Quote:
Originally Posted by nfotiu
The role of the government should be to smooth the valleys and peaks of the economy.
Trump inherited a healthy growing economy and threw gas on the fire and did it with unfunded tax cuts. It wasn't sustainable and he left a time bomb for the next guy.
Now that we don't have a real press that anyone listens to anymore, it is a winning political strategy. We really shouldn't be voting for someone who can grow the economy the most at all costs, and no thought of the future. But it seems to be a winning strategy for now.
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Other than 2020, when COVID was kicking off, the deficit has been higher under every year of Biden's term than at any point during Trump's (and has actually been growing over the last couple of years)
https://fred.stlouisfed.org/series/FYFSD