Trump's recently-announced rescission package (which is already in a great deal of political trouble with congressional Republicans) doesn't come close to offsetting the new spending Trump said he wants. Trump's big tax cut demonstrates every ingredient of this witches' brew. First, the bill's $1.5 trillion revenue loss, debt increase and stimulus was the absolute wrong fiscal policy with the economy so strong. Second, no amount of Trump insistence and bullying about dynamic scoring was going to make that tax cut revenue neutral. But the tax cut is hardly the only example.

Source: Forbes May 20, 2018 10:52 UTC