It takes hip boots to wade through the governmental reports issued each day. In one obscure report by the Treasury Department on Monday, they estimated that they will have to issue bonds (or take on debt) at a faster pace. The debt to be issued in FY 2019 is 17% more than FY 2018 but 160% more than FY 2017.
My Democratic friends will ask my Republican friends “how’s that tax cut working out for us?” Doesn’t Supply-side economics work after all?
My Republican friends will respond by saying tax cuts take a few years before the deficit starts shrinking. Then, they will ask the Democrats sarcastically if they have cut any spending lately.
