President Donald Trump: Spend, Borrow, Tweet, Rinse, Repeat

Yet even by these rather pathetic standards, the $1.37 trillion budget deal reached this week by President Trump and bipartisan congressional leaders stands out for its total abdication of fiscal discipline. The deal throws out the last vestiges of spending caps that were put in place as part of the two-year budget agreement. Those caps have proven largely ineffective — Congress has repeatedly waived them — but this year’s agreement would exceed those caps by $320 billion over the next 2 years.

 

 

 

 

 

 

 

 

https://www.cato.org/publications/commentary/donald-trump-profligate-president

 

 

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