I”n the first four months of FY19, the
deficit grew to $310 billion, up from $176 billion in FY18. To rein it in, the Trump administration and
Congressional Republicans have targeted cutting entitlements that many Trump supporters depend on. Yet they remain steadfast. When will they ever learn?
America is now governed by the
least educated, least informed and most gullible
34 percent of the electorate - Donald Trump's base. Their most common delusion is that Trump is responsible for our strong economy.
Yes,
we're experiencing near-record low unemployment and rising wages. But that's from the momentum of a recovery that started ten years ago, when President George W. Bush convinced an unwilling Congress to pass a $700 billion bank bailout,
saving us from another depression. Since then, the U.S. has enjoyed
100 straight months of increased employment.
Trump can't take credit for that. Nor is this economy the record-breaking, greatest-ever phenomenon Trump and his supporters like to claim.
It's true that
workers' pay grew 2.9 percent last year - the fastest since the Great Recession. But before that, wages after inflation rose
far slower during Trump's presidency than Obama's. Obama averaged real wage increases of 0.8 percent, compared to Trump's average of 0.3 percent.
Trump
boasts about GDP growth being the highest ever. But Obama generated four years of
higher GDP growth than Trump has in any year of his presidency.”