Look what Trump has done to the deficit. Following a substantial narrowing after the financial-crisis, it’s set to explode to more than $2 trillion thanks to Republican tax cuts and bipartisan spending spree. My @Morning_Joe chart: pic.twitter.com/1B6XqrtofI
— Steven Rattner (@SteveRattner) February 4, 2019
In fact, federal spending as a percentage of GDP has been largely stable for the past 45 years, and really since the Truman administration. At present, it’s 21% of GDP, which is about the median since St. Ronaldus the Destroyer of Government took over.
To the apparently eternal shock of plutocrats and their running dogs in the elite media, there is absolutely no mass constituency in American politics for reducing the size of the federal government, which, again, has remained about the same size relative to the economy as a whole since the memory of man runneth not to the contrary. What’s increasing the deficit is upper class tax cuts, period, which are actually very unpopular, but which can now be purchased at better bicameral legislatures everywhere.