republicans desperate to pass something are repeating their past sins of
adding trillions in national debt to fund tax cuts for their super rich puppet
masters.
Financing tax cuts through deficit spending essentially means the government will borrow money to pay for tax reductions, rather than finding spending cuts to make up for the lost revenue.
Such a move would add to an already-hefty debt load that is only expected to grow as an aging population drives additional spending on retirement and health programs. The C.B.O. estimates that within 10 years, the federal debt will rise to its highest percentage of gross domestic product since just after World War II.
Republican lawmakers, who for years have complained about the country’s deteriorating fiscal situation, are now turning to arcane budget arguments and making the case that tax cuts will unleash enough economic growth to compensate for lost revenue.
adding trillions in national debt to fund tax cuts for their super rich puppet
masters.
Financing tax cuts through deficit spending essentially means the government will borrow money to pay for tax reductions, rather than finding spending cuts to make up for the lost revenue.
Such a move would add to an already-hefty debt load that is only expected to grow as an aging population drives additional spending on retirement and health programs. The C.B.O. estimates that within 10 years, the federal debt will rise to its highest percentage of gross domestic product since just after World War II.
Republican lawmakers, who for years have complained about the country’s deteriorating fiscal situation, are now turning to arcane budget arguments and making the case that tax cuts will unleash enough economic growth to compensate for lost revenue.
