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Politics : The Trump Presidency
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To: TimF who wrote (65989)4/10/2018 3:56:04 PM
From: zzpat  Read Replies (2) of 359919
 
If we look at smaller recessions we can see how fast spending sped up recoveries. The 2001 recession ended within days after 9/11 as spending soared. The Reagan recession had literally trillions of dollars of spending and tax cuts (and the resulting debt). Even when we had 7% growth the deficit hit record highs so no matter how fast the economy grows it can't stop the debt from rising after taxes are cut.

Reagan took us from $73 billion deficits (Carter) to $221 billion deficits and they called him a god. Needless to say that's when the gop went insane.

Before taxes were cut CBO projected $400 billion deficits for the foreseeable future. Now they're projecting $1 trillion-plus deficits for the foreseeable future. Ignoring insanity won't fix it. It must be eradicated.
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