Trump has always fallen short on promises. Remember at one point he said he could pay off the entire federal debt in eight years. He and other Republicans have long criticized Democrats, particularly Mr. Obama, for spending too much and running up the deficit. But that has obviously changed.
In pushing for the tax cuts, Mr. Trump and his lackies promised they would generate enough growth to “pay for themselves” through economic growth that generated additional tax revenues. But here we are at a Trillion dollar deficit. The Treasury Department data released shows how far Mr. Trump has fallen short of each of those promises. Tax revenues remain hundreds of billions of dollars below where the Congressional Budget Office predicted they would be before the tax-cut package was signed, while spending is accelerating at roughly the same pace as those 2017 projections.
Spending has increased by 5.7 percent per year, and the deficit has grown by 20.8 percent per year.
The deficit has grown nearly four times as fast, on average, under Mr. Trump than it did under Mr. Obama. Mr. Trump has already added more to the national debt than Mr. Obama did in his entire second term — $2.6 trillion, compared with Mr. Obama’s $2.1 trillion. All from the king of borrow and debt. His business history is self explanatory.
Yet the trump parrots sing his praises...
Winning bigly .