The Federal Deficit by Presidential Terms
Under Trump the federal deficit has rebounded to some 4.4 % of GDP — it is the same whether you look at it quarterly or monthly data as this chart does. The monthly estimate is calculated by Haver Analytics. So much for the tax cut paying for itself.
The shaded areas are by Presidential term, not of recessions as is usually the case. Typically, Republicans leave office with a larger deficit than they inherited while Democrats leave with a smaller one, or a surplus. Of course, this is exactly what “starve the beast” calls for.
Federal Deficit each Presidential Term
Right. Lets not fall for this bullshit again. If anyone asks “how you gonna pay for that?” the answer should be “with tax cuts like we always do now gtfo.”
You said ‘Typically’. Since LBJ and Vietnam (who seems to have hit on the solution too late) there isn’t a single exception.
You are right, that is the only exception.
But that is the reason I defined it the way I did, so someone will not come back and say I am all wrong.