ML-Implode News - Trumponomics Will Collapse Under a Mountain of Debt

... there is not a snowballs chance in the hot place that policies designed to pile still more debt on top of the mountains we already have can rejuvenate the U.S. economy. The key to recovery is firing the debt addicted money printers at the Fed, not passing the baton to fiscal stimulators on Capitol Hill... Indeed, notwithstanding all of the candidate's raging about "draining the swamp" the only Federal programs he talked about on the campaign trail where the ones he intends to increase or to protect from the budgetary sword.
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At the same time, Federal revenues have already hit the flat-line. Collections for the full year of FY 2016 rose by just $18 billion (0.6%) to $3.267 trillion; and actually declined at an $80 billion or 2% annualized rate during the last two quarters of the year ending in September.
... So unless economic growth and revenue collection pick up almost instantly, the implied FY 2018 baseline deficit for the Trump Administration could be as high as $930 billion. And that's assuming no further slippage in revenues or outright recession during the next two years.

Relevant:

Trumponomics Will Collapse Under a Mountain of Debt - Stockman