Trump Regime

Larry Kudlow is a Ridiculous Person [Updated]

JM Ashby
Written by JM Ashby

The federal deficit.

Whether or not you care about how large it is may or may not depend on who's in office and who's passing the policies that increase it, but one thing we should all able to observe is the empirical fact that the deficit is increasing.

Isn't that what Republicans tell us? They say we should cut spending on domestic and social assistance programs like Medicaid because the deficit is blowing through the roof, but Trump's top economic adviser apparently didn't get the memo.

Larry Kudlow says the deficit is actually dropping.

“As the economy gears up, more people working, better jobs and careers, those revenues come rolling in and the deficit, which was one of the other criticisms, is coming down,” Kudlow told host Maria Bartiromo. “It’s coming down rapidly. Growth solves a lot of problems.

Speaking of growth, first quarter growth, which includes a significant period of time beyond the passage of the GOP's tax cuts, was revised downward from 2.2 to 2.0 percent this week.

As for the deficit, the GOP's tax cut have already added over $100 billion to the deficit and are expected to do so every single year for the foreseeable future. The federal deficit for fiscal 2018, which ends on October 1st, is expected to weigh in at over $800 billion, up from a deficit of over $660 billion in fiscal 2017.

The federal deficit is expected to top $1 trillion in the next fiscal year regardless of any phantom growth Larry Kudlow and the GOP see on the horizon.

Update... Kudlow says he was just projecting into the future, which doesn't make him any more correct. Also, he says economists are wrong.

  • muselet

    Whenever someone says bollocks like that, I ask myself if that person is an ignoramus or is lying.

    In the case of Larry Kudlow, I think the answer is that he’s a lying ignoramus. *rimshot*

    –alopecia

  • Aynwrong

    That Maria Bartiromo didn’t laugh right in his face tells you all you need to know about her as a journalist. She never was one.

  • jimtowndem

    i think that it is going to have to get a whole lot worse before things change. there will need to be full blown recession and the white conservatives really take a major hit in their livings before they wake up and smell the coffee. rump is just a symptom and it is going to get worse and a lot of people are going to get hurt before it gets any better

    • Draxiar

      The tarrifs will make that reality all too apparent…and soon too.

    • Aynwrong

      I tend to agree. No, I would never wish for the economy to take a serious downturn. But until white conservatives get hit really, really hard and need help they’ll be willing to tolerate any form of corruption in return for the racist opioid that makes them feel so good.

  • David Greenberg

    Kudlow is just the economics version of Giuliani. Entering early stages of dementia. I’m 75yo and this is the scariest time I have seen in this country bar none. I’m having a difficult time wrapping my head around the levels of ignorance, racism and malevolence in a very substantial portion of our population. Trump has just brought it to a boiling point. In the last 50 years I can’t think of a single thing republicans have done to benefit Americans. Dems have got to get tougher and get out their vote. It’s clearly the only way out of this terrible situation.

    • Draxiar

      May I ask you a question?

      I, having been born in 1971, did not experience the turbulence of the 60’s yet I have heard that those times were as perilous if not more than they are now. You’ve stated that this is the scariest time you’ve seen. While the eras may be similar and also different on some fronts, how would you compare then to now?

      • David Greenberg

        That’s a really good question and one that requires a non simplistic answer. Bear with me if I ramble a bit. The republican party has always been a top down organization primarily run by monied interests. There have never been enough really monied people with whom the republicans could win elections. Very cleverly, the republicans decided on a strategy to mobilize votes with which to win elections, by focusing on middle to lower class white Americans. For over fifty years they have cultivated the racial animosities, homophobic and xenophobic tendencies and underlying misogyny of these groups with great effect. They have successfully redirected the attention of these groups, additionally by getting them to focus on false flags like abortion, gun rights and immigration. After fifty plus years of this manipulation, these groups have been trained to lose sight of who is really screwing them and have been conditioned to blame Dems, liberals, intellectuals, foreigners, gays and people of color for all their real and perceived problems. Republicans who can’t find their asses with both hands when it comes to governing, have been great at smearing their enemies and getting their followers to believe the crap they put out.

        • David Greenberg

          Please read these two posts in reverse order.

      • David Greenberg

        Never has the press been as violently attacked and with such great success as recently. That in itself is scary. Many of our democratic norms and institutions have been attacked or bypassed. In the sixties and seventies a goodly number of republicans still had a sense of honor and duty to the country and its people. There were some terrible people like McCarthy and Roy Cohn, but they never held sway like scum such as Nunez, Gowdy, Ryan, McConnell, Giuliani, Kudlow, Sarah Huckabee Sanders. Sure there’s always been corruption, but the egregiousness of the corruption of this administration combined with the sophisticated and successful Russian intereference in our elections makes this an unprecedentedly dangerous time.
        The sixties were a time of anger and protest and many people were made to feel uncomfortable as they began to finally get a peek into what black people were dealing with and the lies about Vietnam, but people weren’t trying to tear down the country. Sorry to go on so long and I’m sure some of wha I have written can be disputed, but that’s how I see it.hope you read this.

        • Draxiar

          Thanks for taking the time to respond and offer some insight. I really appreciate it. I hope that after this insanity passes that the country will come out on the other end wiser and better for it.

          • David Greenberg

            Always good to see younger people informed, interested and concerned.

      • David Greenberg

        Please read the two following posts in reverse order.