Summers: No economist 'without a strong political agenda' says Trump bill good for economy

(The Hill) Former Treasury Secretary Larry Summers railed against President Trump’s massive tax and spending bill, saying no objective economist would characterize the legislation as a boon to the economy.

“There is no economist anywhere, without a strong political agenda, who is saying that this bill is a positive for the economy. And the overwhelming view is that it is probably going to make the economy worse,” Summers told ABC News’s George Stephanopoulos in a Sunday interview on “This Week.”

“Think about it this way,” he continued. “How long can the world’s greatest debtor remain the world’s greatest power? And this is piling more debt onto the economy than any piece of tax legislation in dollar terms that we have ever had.”

https://www.yahoo.com/news/summers-no-economist-without-strong-234254794.html