.MaddowBlog: White House economic adviser Kudlow: $22.5T debt is not ‘a huge problem.’
At roughly this point last year, Larry Kudlow, the director of the Trump White House’s National Economic Council, expressed his delight with the nation’s fiscal landscape. Federal revenues, he insisted, are “rolling in,” while the budget deficit “is coming down.”
“I don’t see this as a huge problem right now at all,” Kudlow said at CNBC’s Capital Exchange event. “[It’s] quite manageable.” Second, when Barack Obama was president and the national debt was considerably smaller, Kudlow was eager to express alarm about “humongous deficits and the doubling of the debt and so forth.” A decade later, with a Republican in the Oval Office, he’s apparently overhauled his entire fiscal perspective. What a coincidence.
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