Census Report Shows How Jaw-Dropping Trump’s Economy Was Before Shutdowns

[Wild74]

https://thefederalist.com/2020/09/22/census-report-shows-how-jaw-dropping-trumps-economy-was-before-shutdowns/

Blockbuster Numbers

The headline number from the Census report sounds so large as to be a misprint: Real median income for American households increased 6.8 percent in 2019—a jump of almost $4,400. Think about it for a moment: How many businesses offer 6.8 percent annual raises to all their workers?

[DannyZuco]

Very good article. I like the bottom part:

 

Second, to the extent that President Trump will credit the 2017 tax bill for sparking the economic boom, that legislation represents a bill that will eventually come due for the American people. Because Congress has allowed government spending to continue to rise as tax revenues remained flat or declined, the nation faced a large and growing fiscal gap well before the coronavirus came from China’s shores and made things worse.

 

One of the biggest problems with tax cuts--which I definitely want, is the fact that the government DOES NOT cut spending. Come on Congress--a 5% cut per year would help out the economy, deficit, and the debt. ALL POLITICAL PARTIES are to blame for this.