posted by ptown_trojans_1
I clicked on this thread thinking this would be about the massive spending that was recently passed
It could and certainly is. I only highlighted a few of the problems.
I haven't looked, but I'm guessing Trump's first 4 years will come in close to $4T in additional deficit. Assuming a recession in a second term, and increased spending from programs from other Presidents (and also Trump's)....I'd guess the second term will run between $6-$8T.
So $10-$12T....Par for the course, but also gives you a sense of just how big Obama's $10T was.
And if the Dems sweep up, then God help us. The Green New Deal would raise our debt/GDP ratio above Japan's in less than a decade and seriously test a lot of economic assumptions. And before the board's chief useful idiot chimes in, we don't want the economy Japan has had for the past 25 years. We defeated the USSR by outspending them, and we may defeat the US by outspending ourselves.