By Michael Tanner, includes “… President Trump may accomplish the truly Herculean feat of becoming a bigger deficit spender than President Obama. And he’ll do it without a catastrophic recession to deal with. How did we get here? Contrary to conventional wisdom, it wasn’t the Republican tax cut. … While I realize that Congress controls the purse strings, it is also true that President Trump has shown exactly zero interest in restraining spending. … Every child born today inherits a portion of that debt. We are living at our children’s expense. You can’t get much more ‘taxation without representation’ than that.”
Read the full article on: Cato Institute