It’s January, 2021. Trump has just been re-elected, and the GOP controls both houses. What happens next, starting with the budget?
The Republicans tolerated a huge increase in public spending in response to the virus only because they knew it was necessary to hold on to power. With the election over, there is a dramatic shift in priorities. Trump argues that spending is out of control, and tax cuts and deregulation are essential to bring back American businesses. The new Congress, of course, agrees, so unemployment benefits and health care subsidies are slashed, along with payroll and capital gains taxes.
The economy continues to stagger, as consumer confidence is very low and the tax cuts don’t help, but who cares? The election is over! It’s time for our supporters to enjoy the fruits of victory! That’s the American way!