- Trump is following in the footsteps of Reagan, the most fiscally irresponsible president in modern US history, Edward Kleinbard writes
- Trump is beginning his presidency with the US already in worse financial shape than under Reagan, he says
Edward D. Kleinbard is a professor at Gould School of Law at the University of Southern California and fellow at the Century Foundation. He is the former chief of staff of Congress's Joint Committee on Taxation. The opinions expressed in this commentary are his own.
(CNN)President Trump's budget outline combines a surge in military spending with massive tax cuts, purportedly in the name of stimulating our stagnant economy. This strategy follows closely the fiscal agenda of Ronald Reagan -- modern history's most fiscally irresponsible President.