Understanding Trump’s Strategy on the Debt
Mitch McConnell’s Senate has joined Nancy Pelosi’s House in passing what Twitter Cheerleader Extraordinaire and Chairman of the Superfluous Capitalization Club of America Donald Trump quaintly calls a “Budget Deal,” as though the U.S. Federal Government’s formal continuation of its longstanding principle of perpetual limitless debt increases has any business being described with the word “budget.” Does the operative principle here bear any...