Congressional negotiators are closing in on a deal to obliterate the Obama-era discretionary spending caps. President Trump has already signed a huge tax cut. Which brings us to this wild statistic... 1/
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The Trump fiscal stimulus, over the next two years, could *33 percent larger* than the first two years of the Recovery Act: https://www.nytimes.com/2018/02/06/us/politics/republican-fiscal-stimulus-deficits-inflation.html?smid=tw-share … 2/
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Obama/ARRA, Feb 2009: * 8.1% Unemployment * $300b in spending increases over next two years * Just under $300 b in tax cuts over next two years 3/
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Trump/Congress, Feb 2018: * 4.1% unemployment * $400b tax cuts over next two years (per JCT) * $400 billion in possible spending increases (defense/non-defense/disaster aid/pension) over next two years 4/
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*Trump spending number per
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Bottom line: Trump & a Republican-controlled Congress are both cutting taxes and (if deal goes through) set to raise spending *more* now, at a time near full employment, than Obama/Dems did during Great Recession: https://www.nytimes.com/2018/02/06/us/politics/republican-fiscal-stimulus-deficits-inflation.html?smid=tw-share … 5/
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En réponse à @jimtankersley
Tell that to Oklahoma. They can only afford school 3 days a week.
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Yeah, we definitely have to fix our public school budgets and quick.
Le chargement semble prendre du temps.
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