Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Dulcinea

(10,318 posts)
Mon Jul 7, 2025, 09:44 AM Jul 2025

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

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Summers: No economist 'without a strong political agenda' says Trump bill good for economy (Original Post) Dulcinea Jul 2025 OP
I can't stand Summers, but of course he's right here wolfie001 Jul 2025 #1

wolfie001

(7,975 posts)
1. I can't stand Summers, but of course he's right here
Mon Jul 7, 2025, 09:32 PM
Jul 2025

Now comes the fun part: tRUMP's mindless imbecilic retaliation. Can't wait! Go Diaper Don! Go!

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.

Tell me more...

Latest Discussions»Editorials & Other Articles»Summers: No economist 'wi...