While President Obama inherited an economy in free fall, President Trump was handed one that was doing well. Between a combination of increased spending and a large tax cut, President Trump's federal deficit as a percentage of GDP will become larger than any non-recession year dating back to 1947.
While President Obama inherited an economy in free fall, President Trump was handed one that was doing well. Between a combination of increased spending and a large tax cut, President Trump's federal deficit as a percentage of GDP will become larger than any non-recession year dating back to 1947.
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