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During the Trump presidency, he and the Republicans took America straight down the dangerous road of trickle down, supply-side economics by encouraging domestic investment through tax cuts and less regulation – even though history pretty much tells us this approach doesn’t work.
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The decision to add hundreds of billions of dollars to the federal budget just weeks after the Republicans rammed through their very costly tax cuts is just mind-boggling in its irresponsibility. The bipartisan agreement responsible for this raised the debt ceiling as well as the spending caps that were placed on military and domestic spending during the Obama presidency. Now, the spending caps were increased by around $300 billion.
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Separately, Bomb #1 and Bomb #2 are disastrous but, taken together, they drastically widened our deficit and blew our debt out of the water.
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