Its not bad at all when we go into a recession because then the Fed lowers interest rates to zero and we can borrow at very low rates. In fact this is the time we should invest in infrastructure because no one else is investing in our economy. 

But when the economy is growing and interest rates are going up, revenue is also going up so it doesn't make sense to cut taxes just to borrow the money at higher rates. Republicans feel cutting taxes will raise revenue but that has never happened. It's just an excuse. We will be borrowing. And if we borrow too much, interest rates will go even higher and will kill off economic growth.