Defying data, kudlow says trumpian tax cuts are covering their costs.

[Codemaster85]

https://www.bloomberg.com/news/articles/2019-04-11/kudlow-says-trump-s-tax-cuts-already-paying-for-themselves

The U.S. budget deficit has continued to widen since the 2017 tax overhaul, a trend that began under the Obama administration due to an aging population and rising entitlements. The tax cuts, which came into effect last year, have exacerbated the U.S.’s deteriorating budget outlook.

The Treasury Department released data on Wednesday showing that the budget deficit widened to $691 billion in the first half of fiscal 2019 as spending outpaced an increase in revenue.

The budget deficit as a share of gross domestic product is expected to widen to 5.1 percent this year, up from 3.8 percent a year ago, according to projections from the White House Office of Management and Budget. The shortfall is expected to be 4.9 percent of GDP in 2020, and further narrow every year through 2024, according to the estimates.

[Death-trooper]

This recession is going to fucking suck...

[DokVis]

I hope its just a recession, I don't think if something major bursts that this government can deal with it this time.

[Death-trooper]

It'll probably be a recession. But this fucking government will make it into a Depression due to sheer stupidity.

[Borealis]

Trump wants tax cuts and for the Federal Reserve to cut interest rates. He's destroying the tools used to recover from a recession.

[Orbito]

When the recession or god forbid depression hits, i hope all trumpets are happy with their choice because this entire mess was preventable with 5 seconds of research.

[Codemaster85]

You act like it wouldnt be shoved onto the dem president somehow. Why research for 5 seconds when you can listen to the talking head and facebook posts.