Why the obvious next step for President Donald Trump and Congress is a fiscal binge – Chicago Tribune
The late William Safire said that as a speechwriter for Richard Nixon, he would sometimes urge the president, "Take the easy way!" Nixon could then give a speech saying he had rejected advice from his aides to take the easy way, preferring to do what was right.
Politicians may pretend to make hard choices, but they rarely do. Those in office now won't be inspired to heroic deeds by the failure to repeal Obamacare. Just the opposite.
The lesson of this episode is that it's hard to reach agreement on taking things away from the voters. The corollary is that it's easy to reach agreement on giving things to the voters. The obvious next step is a fiscal binge that serves the selfish interests of everyone except posterity.
Here's how it may play out: Congressional Republicans pass tax cuts. Democrats join them on a big infrastructure bill. President Donald Trump's proposed spending cuts come to little or nothing. The deficit balloons, and not many people in Washington care.
Robert Bixby, executive director of The Concord Coalition, a nonpartisan budget watchdog, tells me, "There's a political logic to it: 'You get what you want. We get what we want. And the future will pay for it.'" Marc Goldwein, senior policy director of the Committee for a Responsible Federal Budget, agrees: "The risk of irresponsibility is high."
Having lost on overhauling health care, Trump indicated he's ready to move on to tax reform. This choice evoked chortles from skeptics, who say a major revision of the Internal Revenue Service code will be an even harder challenge.
But why assume Republicans will balk at anything short of a comprehensive overhaul? If they can't get that and there is no reason to think they can they will almost certainly settle for tax cuts, even if it means bigger budget deficits. That's been their default option for decades.
Trump couldn't care less about the deficit. So GOP members will meet no particular resistance from him if they want to cut rates, scrap the estate tax or the alternative minimum tax, or increase the standard deduction.
House Speaker Paul Ryan has in mind a border adjustment tax, which would bring in revenue to make up all or most of what the other changes would lose. But neither Trump nor congressional Republicans are likely to approve a measure that would raise consumer prices and be hard to explain. The path of least resistance involves dropping the proposal and not bothering to pay for the tax cuts.
Paying for them holds little allure because it would mean either killing tax breaks cherished by millions of people or curtailing outlays. Trump has proposed some $54 billion in spending reductions, taken from agencies ranging from the Environmental Protection Agency to the National Endowment for the Arts, but those couldn't be used to offset tax cuts. The money saved is supposed to go for Trump's military buildup.
But rest assured, it won't be saved in the first place. "Some of Trump's closest allies said his budget has virtually no chance in Congress," reported The Washington Post. "Even those fiscal conservatives who do want to cut spending don't necessarily think slashing major domestic programs is the answer."
The only other place where spending could be cut much is in the biggest entitlements Social Security, Medicare and Medicaid. But Trump the candidate promised not to go after Social Security and Medicare. Leaving Obamacare alone means Medicaid escaped the ax.
The president should have more luck boosting outlays. He envisions a $1 trillion program aimed at "revitalizing our country's ruined roads, crumbling bridges and outdated airports," White House press secretary Sean Spicer explained. Trump told The New York Times he intends to "prime the pump to some extent. In other words: Spend money to make a lot more money in the future."
It's a classic Keynesian formula with a long Democratic pedigree. Getting bipartisan support should not be a heavy lift. The website Axios reports that House Democratic leader Nancy Pelosi "wants Trump to move quickly on a 'big jobs bill' that includes some corporate and middle income tax cuts coupled with government spending to stimulate growth."
The problem with all this is that it would squander money we don't have, further enlarging our national debt and loading more burdens onto our children and grandchildren. That's not the responsible way, but it is the easy way. And politicians will be eager to take it.
Steve Chapman, a member of the Tribune Editorial Board, blogs at http://www.chicagotribune.com/chapman. Download "Recalculating: Steve Chapman on a New Century" in the free Printers Row app at http://www.printersrowapp.com.
Twitter @SteveChapman13
Read more from the original source:
Why the obvious next step for President Donald Trump and Congress is a fiscal binge - Chicago Tribune
- Donald Trump and the Folly of Hubris - The Dispatch - August 5th, 2026 [August 5th, 2026]
- Donald Trump has made US$2.2 billion in his second term. How does that stack up against other US presidents? - The Conversation - August 5th, 2026 [August 5th, 2026]
- Donald Trump blames Canada for wildfire smoke but global warming is loading the wildfire dice - The Conversation - July 28th, 2026 [July 28th, 2026]
- Donald Trump is stalling for time in the war with Iran - The Economist - July 28th, 2026 [July 28th, 2026]
- Santa Cruz teen lifeguard who saved boy from massive waves to receive invited to White House, President Donald Trump says - ABC7 Los Angeles - July 28th, 2026 [July 28th, 2026]
- Donald Trump has launched another Red Scare in the US its a favourite tactic of the right - The Conversation - July 28th, 2026 [July 28th, 2026]
- Donald Trump says decision on massive attack against Iran is close - The Guardian - July 24th, 2026 [July 24th, 2026]
- Donald Trump is deeply unpopular. Why aren't Democrats doing better in the race for Congress? - YouGov - July 24th, 2026 [July 24th, 2026]
- Donald Trump has stopped caring about the midterms - Salon.com - July 24th, 2026 [July 24th, 2026]
- Football Daily | Donald Trump gives himself starting role in the bigliest occasion of all - The Guardian - July 18th, 2026 [July 18th, 2026]
- Donald Trump bizarrely tells Gianni Infantino to host next World Cup in the US with China - Yahoo Sports - July 18th, 2026 [July 18th, 2026]
- Opinion | The Odyssey, by Donald Trump - The New York Times - July 18th, 2026 [July 18th, 2026]
- Donald Trump urged to intervene after Bryson DeChambeaus controversial Open penalty - Yahoo Sports - July 18th, 2026 [July 18th, 2026]
- Donald Trump calls for FBI investigation into Michigan election claims; Benson, Nessel push back - ClickOnDetroit | WDIV Local 4 - July 18th, 2026 [July 18th, 2026]
- Homeland Security chief and Donald Trump appear at odds over ICE traffic stop pause - Bangor Daily News - July 16th, 2026 [July 16th, 2026]
- Belgium trolls USA, FIFA, Donald Trump after dominant World Cup win: 'Overturn this' - Yahoo Sports - July 7th, 2026 [July 7th, 2026]
- Donald Trump's 4-word response to Ryder Cup mockery resurfaces after Belgium's World Cup taunt - Yahoo Sports - July 7th, 2026 [July 7th, 2026]
- Belgium mock Donald Trump after knocking USA out of World Cup: Overturn this - Yahoo Sports - July 7th, 2026 [July 7th, 2026]
- 'Overturn this' - Belgium mock US President Donald Trump and FIFA after USA World Cup exit - Sky Sports - July 7th, 2026 [July 7th, 2026]
- Belgium Just Trolled Donald Trump Soooo Hard After Beating The US - Yahoo Sports - July 7th, 2026 [July 7th, 2026]
- Overturn this: Belgian team and fans mock Donald Trump and FIFA - Euronews.com - July 7th, 2026 [July 7th, 2026]
- Donald Trump Pays Tribute To The Village People's Victor Willis - Deadline - July 1st, 2026 [July 1st, 2026]
- Donald Trump Has Officially Lost the Plot - The New Yorker - July 1st, 2026 [July 1st, 2026]
- Donald Trump hijacked Americas 250 and turned it into a theatre of the absurd - The Guardian - July 1st, 2026 [July 1st, 2026]
- President Donald Trump, 80, Obsesses Over Crowd Size as His Fair Empties Out - The Daily Beast - June 26th, 2026 [June 26th, 2026]
- Weekly quiz: Who did Donald Trump anger after saying they begged for a photo with him? - BBC - June 26th, 2026 [June 26th, 2026]
- How Donald Trump has changed the way diplomacy is done - The Conversation - June 22nd, 2026 [June 22nd, 2026]
- Pauline Hanson and Donald Trump both exploit voters fury. But her popularity is rising while his is at a low - The Guardian - June 22nd, 2026 [June 22nd, 2026]
- Donald Trump's approval rating as of today; Trump approval rating now - Yahoo - June 22nd, 2026 [June 22nd, 2026]
- President Donald Trump unveils the new Air Force One, a converted Qatari jet - NBC4 Washington - June 19th, 2026 [June 19th, 2026]
- Donald Trump Hedges His Bet in South Carolina - FITSNews - June 19th, 2026 [June 19th, 2026]
- Donald Trump gambles that Iran wants money more than power - The Economist - June 19th, 2026 [June 19th, 2026]
- "Donald Dump" depicts Trump with sludge oozing out of his mouth - Boing Boing - June 19th, 2026 [June 19th, 2026]
- President Donald Trump Struggles to Clasp Medal of Honor on US Army Veteran for More Than a Minute - Yahoo - June 19th, 2026 [June 19th, 2026]
- California governor Gavin Newsom accuses Donald Trump of directing DoJ to investigate him and his wife as it happened - The Guardian - June 16th, 2026 [June 16th, 2026]
- Donald Trump Says He Made a Peace Deal With Iran. Will It Stick? - Slate Magazine - June 16th, 2026 [June 16th, 2026]
- DW News. . US President Donald Trump says the Strait of Hormuz will be "fully open" by Friday, June 19, when the US prepares to sign a... - June 16th, 2026 [June 16th, 2026]
- As Donald Trump turns 80, he faces a foe he can never defeat: Father Time. Thats a problem for us all - The Guardian - June 14th, 2026 [June 14th, 2026]
- New batch of UFO files released by the Pentagon under Donald Trump administration describe spinning discs and more - ABC7 Chicago - June 14th, 2026 [June 14th, 2026]
- Donald Trump at 80: his life in pictures - The Times - June 14th, 2026 [June 14th, 2026]
- Donald Trump thinks the NFL should be renamed, says soccer should also be called football in the USA - Yahoo Sports - June 14th, 2026 [June 14th, 2026]
- Donald Trump Posts Cringe Throwback Pics in Self-Promo Shocker - The Daily Beast - June 14th, 2026 [June 14th, 2026]
- The Federal Reserve must soon give Donald Trump bad news - The Economist - June 10th, 2026 [June 10th, 2026]
- NBA Finals: President Donald Trump reportedly not expected to attend Game 4, but security zone around MSG will remain in place - Yahoo Sports - June 10th, 2026 [June 10th, 2026]
- What Donald Trump Will Never Understand About Fighting - The Atlantic - June 10th, 2026 [June 10th, 2026]
- Donald Trump, James Dolan tried to ruin NBA Finals vibe. The Knicks loss killed it - The New York Times - June 10th, 2026 [June 10th, 2026]
- A record 63% of Americans disapprove of how Donald Trump is handling the economy - YouGov - June 10th, 2026 [June 10th, 2026]
- MSG security tightened ahead of President Donald Trump's trip - ESPN - June 10th, 2026 [June 10th, 2026]
- Read the transcript: President Donald Trump interviewed by NBC News Meet the Press moderator Kristen Welker - NBC News - June 10th, 2026 [June 10th, 2026]
- President Donald Trump to attend Finals game in New York to root for his hometown Knicks - NBA.com - June 10th, 2026 [June 10th, 2026]
- Every guest Donald Trump brought to NBA Finals Game 3, including golfer granddaughter Kai - Yahoo Sports - June 10th, 2026 [June 10th, 2026]
- An Indian Billionaire Was Targeted by Trump. Then He Poured Money Into a Startup Secretly Backed by Donald Trump Jr. - ProPublica - June 10th, 2026 [June 10th, 2026]
- Donald Trump met with loud boos during national anthem at NBA Finals Game 3 - USA Today - June 10th, 2026 [June 10th, 2026]
- Donald Trump booed by the crowd during the anthem prior to Game 3 of the NBA Finals - AP News - June 10th, 2026 [June 10th, 2026]
- Donald Trump calls for Freedom 250 Concert to be canceled and suggests it is replaced by a MAGA rally following a mass exodus of scheduled performers.... - May 31st, 2026 [May 31st, 2026]
- Donald Trump Will Now Headline Freedom 250 Festival After More Than Half of the Planned Musical Acts Dropped Out - People.com - May 31st, 2026 [May 31st, 2026]
- Donald Trump Jr. and new wife share behind-the-scenes wedding video - CNN - May 31st, 2026 [May 31st, 2026]
- Donald Trump Offers to Perform at Freedom 250 Concert Himself: 'Only Great Patriots Invited' - Rolling Stone - May 31st, 2026 [May 31st, 2026]
- Donald Trump Wants Prediction Markets To 'Thrive', But AGA Boss Bill Miller Disagrees: The CFTC Is 'A Rogue Agency' - Yahoo Finance - May 31st, 2026 [May 31st, 2026]
- Joe Rogan appreciates how Donald Trump does wild st like UFC fights on the White House lawn - Yahoo Sports - May 31st, 2026 [May 31st, 2026]
- Donald Trump only a paper tiger, says Saudi expert - The Jerusalem Post - May 29th, 2026 [May 29th, 2026]
- Jaxson Dart, Abdul Carter explain their viewpoints on Giants QB's Donald Trump introduction - Yahoo Sports - May 29th, 2026 [May 29th, 2026]
- How many Americans think they could beat Donald Trump in a fight? - YouGov - May 11th, 2026 [May 11th, 2026]
- FAA employee from New Hampshire accused of threatening President Donald Trump - WMUR - May 5th, 2026 [May 5th, 2026]
- The soon-to-be-renamed Donald Trump airport has a logo and it's gold - The Palm Beach Post - May 5th, 2026 [May 5th, 2026]
- Donald Trump Is About to Be Humiliated in Front of the Whole World: Political Scientist Robert Pape - The Daily Beast - May 5th, 2026 [May 5th, 2026]
- Donald Trump Says He Wasnt Worried When Shooting Erupted at the White House Correspondents Dinner - People.com - April 27th, 2026 [April 27th, 2026]
- Donald Trump Reacts to Staged Theories About WHCD Shooting - Yahoo - April 27th, 2026 [April 27th, 2026]
- Note to Those So Inclined: Please Stop Trying to Kill Donald Trump - CounterPunch.org - April 27th, 2026 [April 27th, 2026]
- Tucker Carlson says he regrets backing Donald Trump and is tormented by it - The Guardian - April 21st, 2026 [April 21st, 2026]
- From Donald Trump to Jacob Frey has politics lost its profanity filter? - Northeastern University - April 21st, 2026 [April 21st, 2026]
- Donald Trump Claims Apple CEO Tim Cook Once Called the President to Kiss My Ass - Variety - April 21st, 2026 [April 21st, 2026]
- Tucker Carlson Apologizes for Misleading People About Donald Trump: I Will Be Tormented by It for a Long Time - Variety - April 21st, 2026 [April 21st, 2026]
- Here's what Warren Buffett, Sam Altman, Donald Trump, and everyone else has to say about Tim Cook stepping down - Fortune - April 21st, 2026 [April 21st, 2026]
- Jon Stewart Catches Donald Trump Admitting How Miserable He Is - The Daily Beast - April 21st, 2026 [April 21st, 2026]
- Terrible poll ratings would bother some politicians. Donald Trump isnt one of them | Arwa Mahdawi - The Guardian - April 21st, 2026 [April 21st, 2026]
- Three reasons Donald Trump wont pull the US out of Nato - The Conversation - April 10th, 2026 [April 10th, 2026]
- Donald Trump Rails Against Tucker Carlson, Megyn Kelly & Candace Owens - Deadline - April 10th, 2026 [April 10th, 2026]
- Donald Trump Tells Reporter He Didn't 'Know Anything About' Melania's Epstein Remarks Before She Went Live - People.com - April 10th, 2026 [April 10th, 2026]
- Donald Trump Floats Absurd Fantasy to Cope With Iran Humiliation - thedailybeast.com - April 8th, 2026 [April 8th, 2026]