The Economy Is Soaring, And Now So Is The Deficit. That’s A Bad Combination.

From fivethirtyeight.com

Between costly tax cuts and last week’s hefty spending bill, Congress is generating deficits that aren’t just large, they’re also unprecedented and potentially ominous. And even with some optimistic assumptions, President Trump’s latest budget proposal wouldn’t eliminate these deficits — in fact, the president is still angling to add a potentially costly infrastructure plan on top of current spending. But when the economy is this strong, deficits are usually small and shrinking, not ballooning back toward $1 trillion. We are following a path that the country hasn’t traveled since World War II, with ... (full story)