Trump says he invented the phrase 'prime the pump.' But, why?
- Author: Leroy Wright May 12, 2017,
May 12, 2017, 7:07
- Merriam-Webster (@MerriamWebster) May 11, 2017'Pump priming' has been used to refer to government investment expenditures since at least 1933.
DONALD TRUMP, the President of the United States, along with Steve Mnuchin, the treasury secretary, and Gary Cohn, the director of the National Economic Council, sat down for a conversation with editors from The Economist on May 4th, 2017. The notion of priming the pump is associated with the British economist John Maynard Keynes, who theorized that a government could spur a recovery from a downturn with deficit spending.
While speaking about his tax reform plan and how it could increase the deficit, Trump said he was "priming the pump" to ultimately bring taxes down.
Trump, however, was not the first to use the phrase. "But you can't do it if your companies are leaving the country because taxes are too high", he said.
Trump came under severe criticism by Democrats for not releasing his tax returns during the election campaign. According to the White House, the proposal would also reduce the number of USA tax brackets from seven to three; double the standard deduction Americans are able to claim on their tax returns; and includes a "massive tax cut" for businesses, with rates being slashed to 15 per cent.
"It is OK, because [the deficit] won't increase it for long", he told the interviewer.
But President Trump claims he coined it the other day.
The White House press office did not respond to an email seeking clarification on Mr Trump's comments. Together they represent the bedrocks of our modern communication; without them, we would literally have nothing to say to each other, besides a bunch of primal grunts about how much we're enjoying life. But here as he so often does, Trump has distracted the media, which has gone onto etymology and history. "Sometimes you have to prime the pump", he told Time magazine in an interview a year ago.