Real GDP growth rates have been declining, income growth slowing, and budgeting strategies criticized

In 1980, the 10-year and 20-year real GDP growth rates were 3.2% and 3.5% per annum, respectively. Reaganomics had a slight impact, but the growth trend remained steady. By 2024, the 20-year moving average of real GDP growth fell to just 2.0%, attributed to monetary policy changes and increased deficits. Despite massive stimulus efforts, real median family income growth slowed significantly over the years. With rising debt and limited options for cutting spending, the financial outlook remains challenging. The Trumpified GOP’s approach to budgeting has been criticized, as current strategies may not lead to sustainable economic growth.

Read more at Investing.com: The Fiscal Treadmill Is Speeding Up and Washington Keeps Jogging