Neither the Trump nor Harris administration is likely to prioritize cutting government spending and reducing deficits, as it is historically unpopular to cut spending, with insufficient groundswell for fiscal discipline despite past examples like the Clinton administration achieving budget surpluses.
forecastpending
Speaker
DoombergEvidence Quote
“Trump was just as prolific a spender as any Democratic regime um and our base case is that um it's never popular to cut spending and um there's just an insufficient um ground swell for fiscal discipline”
Created: 8/10/2026, 4:34:54 PM
My Notes
Loading notes...