The Finance 202: The Trump administration isn't producing the economic gains it promised
By Tory Newmyer
January 31 at 7:33 AM
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Now, after the president’s signature $1.5 trillion tax cuts have failed to provide the “rocket fuel” he projected for growth while widening the deficit, the debt has climbed to $18 trillion. And the Congressional Budget Office predicts it will reach $31 trillion by 2030, amounting to 98 percent of GDP.
There’s reason to believe the economy’s performance over the past three months was even weaker than the fourth-quarter GDP number suggests, as Gregory Daco of Oxford Economics notes:
more:
http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2020/01/31/the-finance-202-the-trump-administration-isn-t-producing-the-economic-gains-it-promised/5e33611e88e0fa7f82541123/
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