Government Still Spending Like Drunken Sailors

My apologies to drunken sailors!

from IBD:

No, Tax Cuts Are Not Driving Deficits — It’s The Spending, Stupid

Are President Trump’s massive tax cuts what’s driving federal deficits upward. Everyone says so. But, it’s not true. It’s just a way for lawmakers to distract the public while they crank up the spending machine. Just like the Senate did this week.

Earlier this week, Trump’s top economic advisor, Larry Kudlow, gave a talk at the Economic Club of New York in which he said that tax cuts aren’t to blame for deficits.

“People are quick to blame deficits on tax cuts, but I don’t buy that,” he said. “The gap is principally spending too much.” read more