Does the concept of leverage/over leverage and history ever ring a bell with anyone here?
In 2000 GW took a good economy and leveraged the hell out of the Federal government by dropping taxes, increasing spending and bloating the deficit. The American household jumped right in by increasing household debt to record levels....predictably 2008 happened.
Trump made a living (or dying) by over leverage.
Someone who is smart - maybe the smartest man in the room - can tell me how this current cocktail is any different that 2002-2007....2016 we had an economy at pretty full employment and a deficit that was under control....now DT and the GOP drop taxes, significantly raise spending - aaannnnndddd the typical household is following suit by returning to record levels of debt....having a party aint hard to do when you are borrowing the money to do it...
It's not where you start...its where you finish...just ask GW....