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Spending isn't the problem. Stupid spending is. The left are the kings of that. You can't get more inefficient than government so making it larger is a waste of MY and everyone else's money.
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conversely... not paying that debt - bad not having a plan to pay down that debt - worse electing people over and over from either party that have no plan to pay down said debt, can cra
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All those wealthy biz people who took 900 billion in forgiven PPP loans are lowlife mooches also, what's your take on that?
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GOP Tax Cuts Are Driving US Debt Ratio Higher: Analysis
Democrats, on the other hand, lay much of the blame for persistent budget shortfalls on the tax cuts that Republicans tend to push through every time they gain control in Washington. On Monday the liberal think tank Center for American Progress released an analysis laying out the case that GOP tax cuts are the driving force behind the country’s worsening fiscal outlook.
The argument in a nutshell:
“Tax cuts initially enacted during Republican trifectas in the past 25 years slashed taxes disproportionately for the wealthy and profitable corporations, severely reducing federal revenues. In fact, relative to earlier projections, spending is down, not up. But revenues are down significantly more. If not for the Bush tax cuts and their extensions — as well as the Trump tax cuts — revenues would be on track to keep pace with spending indefinitely, and the debt ratio (debt as a percentage of the economy) would be declining. Instead, these tax cuts have added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001, and more than 90 percent of the increase in the debt ratio if the one-time costs of bills responding to COVID-19 and the Great Recession are excluded. Eventually, the tax cuts are projected to grow to more than 100 percent of the increase.”
https://finance.yahoo.com/news/gop-tax-cuts-driving-us-160437971.html