President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall.

AP burying the lede here…

“President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.”

  • NoneOfUrBusiness@fedia.io
    2·
    3 days ago

    And then the next Republican administration is just going to run up the deficit further because that’s all they do.

    Yeah… no. The next Republican administration is going to be too busy building concentration camps and putting people in them to bother with boogeymen like the deficit.

    • MagicShel@lemmy.zipEnglish
      3·
      3 days ago

      Maybe. This country has gone through some dark times before. I have to operate on the belief that things will get better because the alternative… the alternative obviates the need to worry about that money in any event. Because I’m too old to go anywhere else and I will not suffer under the boot of a domestic enemy.