But the critics are split over what exactly is wrong with the Trump deficits. Most economists say that so much red ink is dangerous in itself, likely to trigger higher inflation and interest rates. An opposing school argues that there’s room to deficit-spend – it’s just that Trump is doing it in the wrong places, doling out cash to the Pentagon and tax breaks for the wealthy. Expensive programs like universal public healthcare are winning support among Democrats with an eye on 2020.

Source: Los Angeles Times November 01, 2018 18:10 UTC