Donald Trump is going to build a big, beautiful deficit and rely on China to help pay for it (WP)

[dalton99a]

https://www.washingtonpost.com/news/wonk/wp/2017/11/28/donald-trump-is-going-to-build-a-big-beautiful-deficit-and-rely-on-china-to-help-pay-for-it/
Donald Trump is going to build a big, beautiful deficit and rely on China to help pay for it
By Andrew Van Dam | November 28 at 7:00 AM

Republicans’ tax plans are going to clash headfirst with President Trump’s anti-China, anti-trade-deficit rhetoric. It's just simple economics.

Assuming they pass, Republican tax plans are forecast to increase the federal debt by about $1.3 trillion to $1.6 trillion over the coming decade, though scoring and specifics vary. This is the same debt that, campaigning in Ohio, Trump called “a weight around the future of every young person in this country.” As the debt grew under his predecessor, Trump didn’t mince words:

Link to tweet

And he didn't stop once he was elected:

Link to tweet

But now that it’s time to pass a tax plan that nonpartisan observers agree will require deficit spending, Republicans are on board with growing the federal debt. Large-scale borrowing will help make up the gap in lower tax revenue while avoiding some painful cuts to government programs.

[hedda_foil]

1. "37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question."

37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question.

(Quote from article)