BS budget - 2

[timelets]

The Covfefe administration stimulates a booming economy by creating trillion-dollar budget deficits:

The Treasury Department estimates it will issue $769 billion in debt this quarter and next, a 63% increase over the same six-month period last year. The White House projects deficits will run above $1 trillion, or around 5% of GDP, for the year that begins in October, up from $666 billion, or 3.4% of GDP, for the year ended Sept. 30, 2017.

In the postwar period, the U.S. has run deficits of at least 5% of GDP only after the two recessions in which unemployment reached 10%, in 1983 and 2009.

The Trump administration’s budget submitted to Congress earlier this year would bring deficits under $1 trillion by 2022. It relies on two assumptions.

The first is that the economy expands at a 3% rate not just for one year or two, but for the next decade.
https://www.wsj.com/articles/why-trillion-dollar-deficits-could-be-the-new-normal-1533380400

Their economic assumptions are preposterous.