Massive spending build out in infrastructure, military and the border fence combined with tax cuts is going to blow about apart any semblance of a balanced budget. It will obviously add growth if they can keep interest rates controlled.. Interest rates especially in a Trumpian world will get blown to smithereens from a combination of borrowed money to fund his pet project while lowering taxes on everyone at the same time. This is a recipe for complete debasement of the currency. Since no one has spent too much time worrying about how we might pay for all this without raising a lot of taxes it seems to reason that it would come in handy if a Presidency has strong first hand bankruptcy experience and lots of it. It’s not an intellectual stretch to see before long, nations reluctant to loan to us because of lack of fiscally balanced and sound policies and our huff and puff posturing and intimidation about trade. Rates could go much higher whether economic grown arises or no.
This is all about jobs but at white price interest on the debt fooled boom? The rise in interest will be the first Trump economic policy anyone will feel and it won’t be particularly pleasant unless you own a batch of bank stocks.