The New York Times
July 2, 2025
Abstract
Donald Trump as a candidate promised his policies wouldn't add to the debt. Before taking office, he vowed “to restore fiscal sanity to our nation.” His "big beautiful bill“ does the opposite. We served under a president who made that same vow — and who also took it seriously. We were members of Bill Clinton’s economic team when the federal budget was balanced, the only time that has happened in more than half a century. In nearly every respect, the Trump administration’s approach is the opposite of what worked in the 1990s — and it poses huge risks to our economy."
Citation
Rubin, Robert E. and Lawrence H. Summers. "We Both Served as Treasury Secretary. We Know This Bill Is Dangerous." The New York Times, July 2, 2025.