They should have been coming to an agreement on how much to cut, not how much to spend. We were over 20 trillion in debt afterall.
No politician ever got reelected by cutting spending.
BILL CLINTON DID, the 1993 Deficit Reduction Act, and that is why he was a great president and that is why he had a real economy.
Trump's entire weak economic expansion that still has yet to achieve 3% annual growth, has been fueled by borrowed money and a restarting of monetary easing by the FED. We have no real nominal GDP growth, it is all government debt funded growth. Trump is going to continue increasing government debt and spending, they are working on tax Cuts 2.0 right now. The US budget deficit will hit $2 T/yr soon, then the economy will collapse and the deficit will explode to $3+ T/yr when tax revenue plummets in the recession. That will lead to austerity and economic ruin for the US. We will then have negative interest rates and the failed European and Japanese monetary policy and America could be fucked.
Trump is going to bankrupt the US, just like he had to declare bankruptcy numerous times, will Trump's daddy bail out the US economy like he bailed out Donny?