A Deficit out of Control by Design

The federal deficit is out of control. It is growing faster than was expected. Shocking I know, but the tax cut is not paying for itself with economic growth. As usual, trickle-down fantasies are not trickling down and inflation is starting to eat away any actual wage growth.

None of this is surprising. In fact, some of this was expected. The tax cut worked as a short-term stimulus, which came to an overheated economy. There are other effects that were expected and we are starting to see. Among them, increasing income inequality and a soaring federal deficit. The net…

--

--

--

Historian by training. Former day to day reporter. Sometimes a geek who enjoys a good miniatures game.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why the psychological manipulation employed by Cambridge Analytica is mostly a #FirstWorldProblem

Defund the Police and Human Trafficking

Drumpf Reveals Health Plan

Something Is Seriously Wrong In The U. S.

Grace Hopper Celebration: Day 1

Support Sanctions on Russian Oil? Don’t Complain About High Gas Prices

The Millennial Sacrifice and the Rise of Generation Z!

Digging your own grave

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nadin Brzezinski

Nadin Brzezinski

Historian by training. Former day to day reporter. Sometimes a geek who enjoys a good miniatures game.

More from Medium

The Russian Economy is in a Slow Down Spiral

60 Days of War In Ukraine

How Might JFK Handle the Russians in 2022?

Russian Army in Eastern Ukraine Verges on Collapse