During the Obama administration we managed to take a $1.4 Trillion deficit to around $600 Billion by the time the Trump regime took power.
And the average jobs creation per month was still higher than the last two years’ monthly tally. All this after the near total collapse of American and global economies.
This $1.1 Trillion deficit still includes cuts to Medicare payments to providers and a whopping 32% gutting of the EPA.
Luckily we are building more bombs. I seem to recall estimates of a 4-5% growth in GDP by the administration to pay for the tax cuts. I think we hit 2.9% last year. And multiple projections are for 2% or less this year.
Labor reported one of the worst job gains in a long time at 20,000. Many excuses, but one is that we are near full employment. Laudable. But if we are to attain anywhere’s near the GDP growth needed to pay for Trump’s tax cuts we need millions more immigrants. And we just happen to have about 1.7 million Dreamers who speak perfect English, know our culture and most are well educated.
That would be a good start. Then let’s take a good look at the 11 million or so undocumented immigrants and bring them to some legal status. Maybe including all those who worked for years at Trump’s private clubs.
They cannot all be rapists, gang members or drug dealers. Even Trump said that at least “some are good people”.