Deficit grows as planned after Trump tax cut

The "good" Trump economy has a dark side - growing deficit spending.  Not a surprise, of course.  When Trump and the Republican controlled House and Senate passed their super wonderful tax cut to transfer money from the middle classes to the upper classes the economy improved because it was a good old fashioned Keynesian stimulus.  So, what's wrong with a Keynesian stimulus?  Well, it is something you do in a recession, not when the economy is going well, which it had been for years after the Great Recession of 2009.  It is a tool that you can't use all the time because when you use it up it has no room to be used again when it will actually be needed, during the next economic downturn.


So, Trump and the Republicans, blinded by the Supply Side Economics of Reagan, apply lower taxes to stimulate the economy and just forget about the fact that doing so will balloon the deficit.  How much?  an increase of 21% in fiscal 2018. 

"America’s deficit is rising sharply and will surpass $1 trillion per year by 2020, a gap that has grown since Congress cut taxes and increased spending, the Congressional Budget Office reported Monday.

The federal deficit — the gap between how much the government takes in and how much it spends — will hit $804 billion in fiscal 2018, up 21 percent from 2017, the CBO said".

This is simple mismanagement of the economy by the remarkably ignorant president, but it is quite a deliberate manipulation by his heartless Republicans in Congress - they want the deficit to grow so they can use it as an excuse to cut social programs, which they despise - helps poor folks you know, and they really don't like that.- kick 'em out into the streets, that'll show them for being poor! 


So, for my conservative friends who know that Trump is a monstrous fool but still support him because of the "good economy", it's a sugar high at best, and is a cynical ploy to attack the poor and middle classes.


Social Security and Medicare are on the chopping block.