Donald Trump Thinks He Invented the Phrase Priming the Pump
● The Priming of Mr. Donald Trump By Paul Krugman
● Pump Priming By Lingua Franca
In a new interview with the Economist, President Donald Trump, who has a degree in economics from one of the country’s top business schools, suggests that he himself came up with the phrase priming the pump—a common term for government spending to stimulate the economy that’s been in use since the 1930s.
"Another part of your overall plan, the tax reform plan. Is it OK if that tax plan increases the deficit? Ronald Reagan’s tax reform didn’t. Well, it actually did. But, but it’s called priming the pump. You know, if you don’t do that, you’re never going to bring your taxes down. …"