Typical Republican cherry picking: “This one month was GREAT in this mostly meaningless way, so the future is SO ROSY! And disco record sales from 1976-1978 were up 125%, so if this trend continues… ayyyyyy!”
Fact is that the cost of the tax cuts is estimated to increase the deficit by about $2.3 trillion, and the economic benefits are maybe $500 billion, meaning your tax cut is raising the debt by about $1.6 trillion. https://www.cbo.gov/publication/53743
Yeah, the deficit is going to go up in a major recession. And Trump is benefiting by inheriting an economy that wasn’t hungstrung by stupid ideas, like balancing the budget is more important that getting people back to work.
Obama proposed to pay for his spending. Bush and Trump do not.
This is exactly why fiscal conservatism should not be thought to be policies that favor balancing the budget, because Obama did continuously propose measures to bring the deficit down, but conservatives rejected them.
Instead, fiscal conservatism is actually a policy that favors tax cuts no matter what the circumstances with no regard for deficits.