Weld Drops 2020 Challenge to Trump With Warning About Deficit

Former Massachusetts Governor Bill Weld has dropped his longshot bid to challenge President Donald Trump for the Republican nomination.

In an email announcing he would suspend his campaign Wednesday, Weld had a few parting thoughts about the need to address climate change, and the importance of immigration, among other issues.

Weld doesn’t mention the coronavirus pandemic or the economic crisis that it’s sparked.

He does take a strong stance against deficits even as economists across the political spectrum are urging the federal government not to hold back on spending in order to slow the worsening economic conditions caused by responses to the coronavirus.

“Federal budget deficits of over a trillion dollars per year are irresponsible,” he writes. “There is no such thing as ‘the Government’s money’: there is only taxpayers’ money.”